This coin has tested toward the lower Bollinger Band against 175.00 and jumped back, creating a doji. A doji implies indecision in the market after several days of selling pressure and may hint and downside momentum fading.
This can imply a try to get a higher low going. The Bollinger Band midline around 203.00 can be watched for the first obstacle. Above there another attack toward 227.00/228.00 can be seen. A move above this resistance is needed for an upswing toward 280.00 and 305.00.
Ideally bulls should return today. If the market drops below 175.00 bears may try and hit 150.00 again.
This can imply a try to get a higher low going. The Bollinger Band midline around 203.00 can be watched for the first obstacle. Above there another attack toward 227.00/228.00 can be seen. A move above this resistance is needed for an upswing toward 280.00 and 305.00.
Ideally bulls should return today. If the market drops below 175.00 bears may try and hit 150.00 again.