Wednesday, May 1, 2019
The price finally climbed above $5'200 to reach $5'300 and stabilized.
Actual support/resistance: $5'300/$5'500
The price rose above the previous resistance of $5'200 with ease. It is recovering the drop due to the Tether news. The price has passed again above the 20-day moving average and the RSI(14) as well as the MACD tend towards a bullish movement. If the price maintains itself above $5'200, it is likely that the momentum will keep its bullish direction. However a cross with that level would most likely lead to a bearish movement.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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