Recent price action is pretty similar to Bitcoin, and so the evaluation is going to be largely similar as well.
Next place to watch is the immediate resistance at around 1.13 area. If we see strong rejection, then the upside is probably going to be limited and we will see more side ways action.
If it goes all the way to 1.2 area, then we should be the bulls in control.
As usual, big fluctuations at all the coins are to be expected. Trade carefully!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Next place to watch is the immediate resistance at around 1.13 area. If we see strong rejection, then the upside is probably going to be limited and we will see more side ways action.
If it goes all the way to 1.2 area, then we should be the bulls in control.
As usual, big fluctuations at all the coins are to be expected. Trade carefully!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
