The big question today is. Do we hold the support ?`Or do we go a little bit more down.
And the bigger question. When is the next pump coming ?
Step 1 - Check the resistance & support levels
Well my friends all of those questions are not easy to answer.
First of all, when we look at that chart.
As you can see I am using the yellow lines as horizontal support or restiance, depends where we are at the moment,
This shows us that we are testing the support at the moment for the 4th time. Will it break ? I don`t know.
But what I know is, that support and resistances break after a couple of tests. As far as I could see it was normally for the 3rd or 4th time.
This means we will have a decision soon.
Step 2 - Check the Moving Average (MA)
The next picture shows us a clear way, where we are at the moment.
And as you can see I have used 3 MA indicators, 25, 50 and 200 to identify the trend.
But yeahh this is crypto and we will see where we are in the next couple of hour.
All the best have a wonderful evening and trade well my friends.
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