Technical Analysis and Outlook
Despite the Bitcoin, weakness, the short/term rally is intact from a charting technical outlook; however, traders and investors should continue to be cautious with the coin as the cryptocurrency might form a break-out move to attack the Key Res $3682.
This could drive to a swift movement to above its trading range. The firm Key Res $3682 remains to be a major obstacle, while support is found at Mean Sup $3361, and in the long-timer Key Sup $3191 along with completed Inner Coin Dip $3129 and Yearly Low $3120. (For more Market Commentary, please visit the TradingSig_dot_com).
Despite the Bitcoin, weakness, the short/term rally is intact from a charting technical outlook; however, traders and investors should continue to be cautious with the coin as the cryptocurrency might form a break-out move to attack the Key Res $3682.
This could drive to a swift movement to above its trading range. The firm Key Res $3682 remains to be a major obstacle, while support is found at Mean Sup $3361, and in the long-timer Key Sup $3191 along with completed Inner Coin Dip $3129 and Yearly Low $3120. (For more Market Commentary, please visit the TradingSig_dot_com).