Monday, April 29, 2019
The price has been traded sideways between $5'100 and $5'200 over the weekend. We saw volumes decrease significantly (-70%) and the resistance at 5'200$ has been briefly tested without success.
00:00 UTC
CyBorg Predictor
SwissBorg Community
Actual support/resistance: $5'100/$5'200
The price has been traded sideways between $5'100 and $5'200 over the weekend. We saw volumes decrease significantly (-70%) and the resistance at 5'200$ has been briefly tested without success.
If the support holds, a significant increase in the buying pressure is needed to hopefully overcome the resistance. With the current stabilization of bitcoin, the altcoin market may show signs of recovery regarding bitcoin.
In terms of technical indicators, the RSI(14) is still neutral and the price is below the 20-day moving average since last week drop.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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