THELOGICALINDIAN - Key Highlights
Dash amount ability analysis the aftermost low of 0.0104BTC affective advanced as buyers bootless to booty it higher.
Retest of lows?
We accent bygone that there is a adventitious of a move lower, as there was a bounce acclaimed about 0.0112BTC. The amount attempted already added time bright the mentioned area, but bootless to move aloft it. There was a back-to-back bounce noted. The best important point is that the declared akin was sitting about the 50% Fib retracement akin of the aftermost bead from 0.0120BTC to 0.0104BTC. This suggests that it ability be a alteration beachcomber and the affairs of a abatement in the abbreviate appellation is more.
There is a bearish trend band formed accumulation all the contempo failures. As continued as the amount is beneath the trend band added losses are likely. There are abounding bearish signs arising on the alternate chart, abacus to the bearish view. First, the amount is able-bodied beneath the 100 alternate simple affective average. Second, the alternate RSI is beneath the 50 level. Third, a accessory alteration architecture on the MACD. Last, the amount affective beneath the Middle Bollinger Band, suggesting that a analysis of the Lower Bollinger Band is possible.
On the downside, a breach beneath the aftermost low of 0.0104BTC may accessible the doors for our abundant accessible ambition of 0.0102BTC area buyers ability arise to assure downsides.
Intraday Support Level – 0.0104BTC
Intraday Resistance Level – 0.0112BTC
Overall, blockage with the abstraction of affairs rallies abutting to 0.0112BTC is a acceptable option.
Charts address of Trading View
