JUVBTC is following the market cycles as we can see a strong bullish wave from Jan. to May.
Prices peaked in May and then a correction took place.
Right now prices are trading below 0.786 Fib. retracement and below all EMAs, signaling bearish.
It needs lower before it starts to recover.
It is very likely to follow the rest.
You can look for a break and close above EMA10 with high volume for when prices will stop dropping and start to move up.
Namaste.
Prices peaked in May and then a correction took place.
Right now prices are trading below 0.786 Fib. retracement and below all EMAs, signaling bearish.
It needs lower before it starts to recover.
It is very likely to follow the rest.
You can look for a break and close above EMA10 with high volume for when prices will stop dropping and start to move up.
Namaste.
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