ADX is converging well onto the 23.6% fib and is currently in a symmetrical triangle with opportunity to go either way with further support below at the 10 level. Convergence may take another few days. The longer term picture shows a bullish falling wedge indicating an upward trend may come.
Volume analysis shows strength at the current price point and upwards to the 38.2% fib line. RSI and MACD are neutral. The price is generally showing strength against BTC changes therefore at this point I don't expect a fall and have bought at the current level.
Volume appears to be slightly increasing perhaps indicating the start of a breakout. If the price rises I'll be looking at the order book to determine resistance at the previous two levels (blue lines) and the higher fib levels to determine the appropriate sell point.
Volume analysis shows strength at the current price point and upwards to the 38.2% fib line. RSI and MACD are neutral. The price is generally showing strength against BTC changes therefore at this point I don't expect a fall and have bought at the current level.
Volume appears to be slightly increasing perhaps indicating the start of a breakout. If the price rises I'll be looking at the order book to determine resistance at the previous two levels (blue lines) and the higher fib levels to determine the appropriate sell point.
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