The downtrend is still intact even after the +100% from ATL to it's last high (+65% to current price tag). I am not very optimistic that it will keep staying above the daily MA50. If it stays above the next challange will be to get above the weekly MA20.
* It is possible that the price will rise over the resistance, that could also bring the trend above the weekly MA20
* Price can stay between ~ 35 and ~ 45 USD for a while in a sideway trend
* It is likely, especially if BTC and ETH dump again, that the bottom will be retested
* It is possible that the "maybe bottom" is not the bottom. Next bottom target would be ~ 15 to 20 USD in that case
As always, no financial advice, just my 5 cent.
* It is possible that the price will rise over the resistance, that could also bring the trend above the weekly MA20
* Price can stay between ~ 35 and ~ 45 USD for a while in a sideway trend
* It is likely, especially if BTC and ETH dump again, that the bottom will be retested
* It is possible that the "maybe bottom" is not the bottom. Next bottom target would be ~ 15 to 20 USD in that case
As always, no financial advice, just my 5 cent.
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