As predicted the other day we hit the $6000usd major support line bang on.
Positive news out of America today and we have a new support line at $7232 and we may see one more bounce back to this support. We are on our way back to $10000usd major resistance line. I do expect a few red candles along the way as the RSI is overbought at 60. Depending on volume and...
IOTA one of my favourite projects. But unfortunately with the cryptocurrency market value being cut in half we are on a downward trend. First support is at $1.46 but i don't think we will be stopping at this point. It's either going to be $1.23 or $1.02.
After the correction be prepared for resistance at $1.90 and $2.37. MACD is in uncharted areas at the moment...
Daily TA for litecoin is bearish. Expect the support line at $103.10usd to be reached if it continues past that we may be looking at a new target of $79.
TA shows LTC is showing RSI is oversold at 38 but that wont stop the downward trend with the negative media releases and cryptocurrency market cap being halved.
BTC is going to the $6300 trend line. With a support at $6000 If that doesn't hold we are going to $4900..
Marketcap has dropped to $362Busd with BTC dominance at 35.8%. RSI under 30 showing BTC is very oversold but the downtrend will continue for a few days - week.
