In the last couple of days, we have seeing an accumulation on the 0,07 establishing this area as support. Structure just got a breakout on the 1H timeframe earlier this week, with the buyers assuming this new as support and sellers giving a strong resistance on the 0,082. If buyers break this level, this coin has an huge potential for 0,98 as next target. Worth our look for sure with early investors wanting to start their positions for alt coins season.
Note
We just have seen a new cycle on the market being started a few days ago. After a full correction, we have seen the stage 1 of the Elliot wave being completed yesterday after reaching the 0,96 level. Today, the price got down until the 4H 100 EMA's and bounced imediatly back up. Expect a massive move within the next 24hours. We are seating on a massive support level between the 0,85-082. In this stage, we will able to reach the ,10 - 0,105 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.