The fall below an upward sloping line is triggering some selling in this crypto but market is now facing an area where renewed buying interest can be expected, mostly between 0.4000 and 0.3800.
Bulls could use this slide to set a higher low; signs would be to see market recover losses toward the end of the day. If they fail from here, another push toward 0.3800 could see the same scenario. In either case, one has to watch the market (intraday) closely for bullish reversal patterns.
Below 0.3700 things look worse and 0.3400 should be next.
Bulls could use this slide to set a higher low; signs would be to see market recover losses toward the end of the day. If they fail from here, another push toward 0.3800 could see the same scenario. In either case, one has to watch the market (intraday) closely for bullish reversal patterns.
Below 0.3700 things look worse and 0.3400 should be next.