After huge pump in August due to coinbase listing, the price has gone into corrective phase right now and formed a bull flag on higher timeframes. It failed to hold crucial level of previous highs (0.54) which along with btc correction resulted in a dump right to the nearest zone of support (0.39)
No entry for now. First, re-claim of 0.54 level is essential, then I'll be looking for an entry once the price breaks out of the formation. However in case the price drops even lower from here I may want to get some entries somewhere around the bottom trendline for short-term trades. (very risky due to low volume node)
No entry for now. First, re-claim of 0.54 level is essential, then I'll be looking for an entry once the price breaks out of the formation. However in case the price drops even lower from here I may want to get some entries somewhere around the bottom trendline for short-term trades. (very risky due to low volume node)