The coin has been one of the most bearish in Crypto market that we should consider
it's fundamental issues. however in technical aspect we may see something else soon.
at the moment all evidence still shows bear trend will moving on.
so the key support levels on the chart are very important to look.
in my view price can move down for short term and test 3.45$ & 3.2$
as important support levels yet, before turning to bull trend.
however if price could manage to close above my baseline (3.9$), has
more chance for bullish momentum.
also, MACD looks forming bullish divergence but as long as price moving
below the 200MA we can not expect any turning point.
Enjoy the market
it's fundamental issues. however in technical aspect we may see something else soon.
at the moment all evidence still shows bear trend will moving on.
so the key support levels on the chart are very important to look.
in my view price can move down for short term and test 3.45$ & 3.2$
as important support levels yet, before turning to bull trend.
however if price could manage to close above my baseline (3.9$), has
more chance for bullish momentum.
also, MACD looks forming bullish divergence but as long as price moving
below the 200MA we can not expect any turning point.
Enjoy the market
