During a time of correction phase, is a good time to find prospect for long term investment, while that's is happen, is a good time to pick up some short term trade for a day or two.
The charts indicates the the price action has bounces of 50% fib and now crossing over 38.2%.
Indicator on the other hand as suggested by MACD recent crossing and RSI shows plenty of room to raise before enters oversold territory. ADX also shows recent crossing over 25 momentum threshold, indicate good momentum has been picked up by the leading D+ line.
Average volume area also indicates there has been raising in activity in this coin.
Happy Trading! May the good fortune be there for us all.
The charts indicates the the price action has bounces of 50% fib and now crossing over 38.2%.
Indicator on the other hand as suggested by MACD recent crossing and RSI shows plenty of room to raise before enters oversold territory. ADX also shows recent crossing over 25 momentum threshold, indicate good momentum has been picked up by the leading D+ line.
Average volume area also indicates there has been raising in activity in this coin.
Happy Trading! May the good fortune be there for us all.
