Price is right now trying to find momentum to break the downtrend.
If it succeeds the next major resistance is the lower high from October at $12.262,84.
Else the next major support is the 50-periods exponential moving average at $11.596,75.
The relative strength index is at 56 which means that it has plenty of space to move before reaching an overbought scenario. Worth noticing, is that it went though its downtrend at November 16. and stayed above.
If it succeeds the next major resistance is the lower high from October at $12.262,84.
Else the next major support is the 50-periods exponential moving average at $11.596,75.
The relative strength index is at 56 which means that it has plenty of space to move before reaching an overbought scenario. Worth noticing, is that it went though its downtrend at November 16. and stayed above.
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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.