Gradual return of the market to a bullish trend Today I want to once again consider the position of the market, based on the results of last week. The week turned out to be quite negative, the breakdown below 2000 against the background of a strong dollar was an unpleasant surprise, but for now we remain in the flat zone around 2000. Given the bullish trend formed, further sales are still premature and the current market decline looks more like another giveaway game. To leave unprocessed bullish targets at the end of the month. The opening of the new week was carefully adjusted to 1850+ to maintain the market in the range of 2000+-150.
This week, the fight will continue and the bears will look for reasons to expand the flat range to +-250 with an attempt to break through 1750. This is a key support for a trend change. Given the large number of negative statistics on the United States for two weeks, the probability of sales below 1850 is still quite low. I expect a pullback in the first half of the week to retest the narrow range of 1925-1975. A breakdown of 1975 is necessary to re-exit above 2000. Further, depending on the dynamics of the dollar and the statistics coming out, we will either gain a stable foothold above 1925, which will allow us to hope for a rebound before the end of the month and a positive opening of a new monthly candle, or we will get additional reasons to delay the retest of the opening of the week or a new attempt to go to 1750. In this case, due to the opening level of the weekly candle, you can still count on a payback at the end of the week, but the prospects for the next month will become more negative.
The absence of a general drop in the market is already enough to form a reversal for individual coins, let's see who will break out first. As before, the most interesting for me are the most oversold coins such as uft pros vib cvp torn perl for pnt ooki and asr atm fantokens. Most of them have already completely extinguished the fall and are preparing for a reversal. You can also re-consider coins that have returned to powerful support, such as wtc dock fida front akro, with likely growth waves of up to 40-50%.
Nebl, which I mentioned as a dangerous but interesting tool for scalping, also showed itself very interestingly. After delisting on binance and listing on poloniex, the coin is gradually re-traded. On small waves, as it seems, there was already a profit of 30%. Further, we can expect an expansion of the range of price movement with tests of new levels. Key levels in the swing of a new trend 0.2-0.25-0.4-0.6-0.75-0.9-1.25. If there is a rollback from each of the levels, it will give very good opportunities for earnings.
