BitOffer.com: Volume was not that high. Dead cross showed up.

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The market remained a weak adjustment as BTC fell back to the level of $6,850 after it failed at attacking the pressure at $7,000 since the volume was low. A dead cross showed up in the MACD of the 1-hour chart, which means an adjustment is required. Focus on the pressure at $7,000 and the support at $6,800. If it breaks the pressure at $7,000 and stands on it, long while each low level would be available. If it drops below the support at $6,800, then short while each high position.

ETH failed at attacking the pressure at $160, and dropped back to the support at $156. A dead cross above the zero axis showed up in the MACD of the 1-hour chart, adjustment started also. The market is likely to attack the pressure at $160 again. Before the result of the battle between the longs and shorts comes out, continue buying low and selling high in the range from $156 to $160 is available.

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Penafian

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