Wednesday, April 17, 2019
Even though volumes decreased by more than 15%, the price spiked yesterday from $5'000 to $5'200 in a few hours.
Actual support/resistance: 5'200$/5'300$
Technical indicators show a possible reversal of the trend, the RSI(14) is slightly overbought and the MACD lines are getting closer. If the buying pressure continues with high volumes, it can be expected that $5'300 will be tested again. On the other hand, if this bullish momentum is not confirmed, given that $5'200 was not the most important support, it is likely that the price will return to the support level at $5'000.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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