After an unsuccessful attempt by buyers to break through $ 0.405, sellers are trying to take the initiative. Buyers could not keep the price range of 0.383-0.388 $, which was won by large volumes, and now this price zone under the control of sellers.

https://www.tradingview.com 

Buyers stopped falling at a price of $ 0.37. The buyers tried to break this price by 4 days (from December 28).

At the moment, to maintain growth without deep correction, buyers need to keep $ 0.35. From this price can continue to grow to $ 0.5. otherwise the fall may extend to $ 0.315.

I do not like the growth that began on December 28th. After a bitter correction, buyers were supposed to show aggressive growth with large candles, and in return we received the growth that currently consists of three waves and each subsequent attempt to grow at smaller volumes.

The marginal positions of the buyers considerably decreased after the price zone of 0.383-0.388 dollars was broken.

Sellers have not yet decided in their decisions.

We are waiting for the BTC action. However, such a variant is possible that with the growth of the BTC this coin will react badly, and the fall is aggressive.

*** I also shared this article on Steemit 

This is not financial advice. I don’t take into account of your personal investment objectives, specific investment goals, specific needs or financial situation and makes no representation and assumes no liability to the accuracy or completeness of the information provided here. The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation. Any expression of opinion (which may be subject to change without notice) is personal to the author and the author makes no guarantee of any sort regarding accuracy or completeness of any information or analysis supplied.


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