The things I like about this coin
- Sell volume is slowing
- Descending wedge indicating potential reversal
Questionable indications
- Bouncing below 50 RSI unable to break above this resistance
- 9 day moving average not in support
- MacD not crossing over anytime soon
- Larger downtrend line must be broken before confirmation of a continued up trend
All in this coin is still has a ways to go before convincing me of a trade, there may still be some down to go as the present resistance is not a strong one.
That's my take, not trading advice just some observations.
- Sell volume is slowing
- Descending wedge indicating potential reversal
Questionable indications
- Bouncing below 50 RSI unable to break above this resistance
- 9 day moving average not in support
- MacD not crossing over anytime soon
- Larger downtrend line must be broken before confirmation of a continued up trend
All in this coin is still has a ways to go before convincing me of a trade, there may still be some down to go as the present resistance is not a strong one.
That's my take, not trading advice just some observations.