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So, after the active rise of the market capitalization, the coin strengthens and breaks through the resistance area between MA-50 and MA-200 and forms a consolidation above these lines, which play the role of support at the moment.
The coin seeks to change the local trend. Re-test of the resistance area is forming (liquidity area and descending resistance line).
In case of breakout of the lines, the coin may show active course towards 0.5500.
I expect a breakout of the resistance area in the near future, it seems that the cryptocurrency market rate is stepped up in the direction of capitalization increase and strengthening of positions. Therefore I choose the resistance area 0.4500 and 0.5500 as a medium-term target, liquidity area 0.7000 as a long-term target.
Sincerely R. Linda!
The coin seeks to change the local trend. Re-test of the resistance area is forming (liquidity area and descending resistance line).
In case of breakout of the lines, the coin may show active course towards 0.5500.
I expect a breakout of the resistance area in the near future, it seems that the cryptocurrency market rate is stepped up in the direction of capitalization increase and strengthening of positions. Therefore I choose the resistance area 0.4500 and 0.5500 as a medium-term target, liquidity area 0.7000 as a long-term target.
Sincerely R. Linda!
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