The asset bounced within the Demand zone on the Weekly, creating room for a possible rally up to the $20-25 area.
Volatility is still open but with steadily decreasing bearish pressure.
A Daily FVG overlaps with the Weekly FVG so as to create possible room for maneuver.
The widely used RSI has broken the barrier of a bearish trendline that has lasted since December 2023. Whether it maintains the trajectory will only be seen at the close of this week.
Funding rates positive.
Open Interests slightly up.
Detail not to be overlooked in the coming days: the market cap line is rising, but the price is lagging slightly. Positive sign.
Stable volume, with an improvement in the last two days. Very mild data.
With the whole crypto sector seemingly showing signs of life, I am confident of its uptrend.
Remember: until proven otherwise.
Volatility is still open but with steadily decreasing bearish pressure.
A Daily FVG overlaps with the Weekly FVG so as to create possible room for maneuver.
The widely used RSI has broken the barrier of a bearish trendline that has lasted since December 2023. Whether it maintains the trajectory will only be seen at the close of this week.
Funding rates positive.
Open Interests slightly up.
Detail not to be overlooked in the coming days: the market cap line is rising, but the price is lagging slightly. Positive sign.
Stable volume, with an improvement in the last two days. Very mild data.
With the whole crypto sector seemingly showing signs of life, I am confident of its uptrend.
Remember: until proven otherwise.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.