THELOGICALINDIAN - Key Highlights
Dash amount was alone about 0.0116BTC on a cardinal of occasions, which resulted in a fasten higher.
Consolidation Phase
We accent the accent of 0.0116BTC abutment breadth that helped buyers time and again. There was a bounce acclaimed Intraday about the mentioned abutment area, and one key point to agenda is that there is a bullish alfresco bar candle formed on the alternate chart. The amount additionally traded aloft the 100 alternate simple affective average, which can be apparent as a absolute sign. Moreover, the 23.6% Fib retracement akin of the aftermost bead from 0.0125BTC to 0.0116BTC was additionally breached by buyers.
Overall, there are abounding bullish signs that ability animate buyers in the abreast term. There was an alternate abutting aloft the 100 MA and the 23.6% Fib level. Currently, the amount is trading about the Upper Bollinger Band, i.e. acting as a resistance. The abutting akin of absorption can be apparent about the 38.2% Fib retracement akin of the aftermost bead area sellers ability appear.
We charge not balloon the all-important 0.0120-22BTC beat area, which acted as a attrition and abutment abounding times earlier. On the downside, the 100 hour MA may act as a abutment affective ahead. Any added declines ability booty the amount already added appear 0.0116BTC, which holds the key in the abbreviate term.
Intraday Support Level – 0.0116BTC
Intraday Resistance Level – 0.0120BTC
Both the alternate RSI and MACD are assuming absolute signs, which agency added assets are likely.
Charts address of Trading View
