During the mid-day trades last Thursday bounced out of 85.01$areas as a result of failure
to breaking out this level
During this morning's trading was penetrated the 79.77$ level because of the increasing
sellers and is approaching the first resistance 76.46
so prices now are on important demand area between 79.77 and 76.46.
We have so far been neutral as a result of continued trading between 76.46$levels and
85.01$ areas on the 30min time frame.
And the simple moving average20 represents a very important support area for the
cryptocurrency.
And also RSI colored with green that give us a strong signal to tell us go long approved
by prices breaking out 85.01$, which targets 90.20$ as a next station
On the other hand, in case of breaking down the 76.46$ Level, which targets 90.20$ as a
next station
Trend : Sideways
For investment: good time for investment which target is 152.80$