Daily candles look healthy, volume is priming.
Updated
While this doesn't necessarily indicate a true bottom (seeing as it was only tested once), overall market sentiment is bullish and the volume on this coin is returning. If we continue to use the same resistances that I charted in April it would be relatively safe to assume a strong candle closing above 740 could lead us rapidly into 1000. Both new and old players are still weary of this market, but will take any small wins they can get. Watch out for swing traders hitting this coin and make sure to create both an entrance AND exit plan before making a move. The worst thing you can do is be reactive right now.
Comment
Accumulation phase... candle closings are important here. Swing traders beware!Comment
Candle closing below 500 could mean a retest of 440-460 area as we have yet to establish a bottom
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.