Positive technical indicators:
Further confirmation points:
As with all crypto, volatile and rapid price swings are expected. If $16-18 range won't hold, I see a possibility of price dropping to $10, to confirm 200 EMA as support, before moving higher again.
- Above 50 (retested) + 200 EMA
- Golden cross formation
- Bullish flag pattern potentially developing
Further confirmation points:
- Increased trading volume
- Price holding support above $16
As with all crypto, volatile and rapid price swings are expected. If $16-18 range won't hold, I see a possibility of price dropping to $10, to confirm 200 EMA as support, before moving higher again.