The price has dipped to the level of 0.000065 for a bit and then returned closer to 0.00007. If you look at the order book, you will see that it is quite a crucial point for the sellers, and they are not giving in, despite the balance being heavily skewed towards sell orders. Due to the recent spike of BTC
the correction is imminent, so It is a good idea to exchange some BTC
. The correction will increase the Altcoins capitalisation, NEM
, among others.
As of now, the Stochastic RSi
is close to the oversold area. ADX
shows a moderate uptrend and there are no signs of reversal. The target is at the resistance level