At the moment there is no clear direction, since for the last hour the price has been floating. Aside from the soft swings, there are a lot of "long" dojis, but still no trend reversal. Given the present situation, I would take the current signals are neutral-bear. I'm going short without committing too hard. I'm using the RSI to confirm the trend because the lagging span already confirmed bear in the past.
Note that there is "extreme" support around the 288 area, but little by little the walls are getting chipped. I'm not sure if someone or a group is purposefully supporting the 288-280 region or it's naturally formed. Should it be the former, the bear trend is probably being suppressed by the fake support. I would be careful in this region. Larger scales still signal bear as shown in the related chart, but anything^tm can happen.
Note that there is "extreme" support around the 288 area, but little by little the walls are getting chipped. I'm not sure if someone or a group is purposefully supporting the 288-280 region or it's naturally formed. Should it be the former, the bear trend is probably being suppressed by the fake support. I would be careful in this region. Larger scales still signal bear as shown in the related chart, but anything^tm can happen.
Trade closed: target reached:
Blew right past. I think /biz/ had something to do with this.
Comment:
It turns out I cant delete posts, so I'll just spam a donation address. Send me your ETH here 0xF7Dc813B5c746F777DD29c94b7558ADE7577064e.
