About my article on the 5 day standard deviation, For those who haven't read it:
https://www.publish0x.com/trade60/it-would-be-nice-to-know-the-range-of-a-stock-or-crypto-the-xomdmpq
So the range we expect today should be between 59208 and 56946.
Volatility and decreasing volumes.
We are always in a lateral movement between the area of $ 56,000 and 60,000%.
I hope they come out and break the $ 60,000 mark. Other support area $ 55,000.
A daily close above $ 56760 is important to confirm the uptrend. For hodlers it can be purchased at the lower end of the range.
if the support at $ 56760 breaks, I expect another drop to the $ 55000 area.
now a look at THE Graph.
It is one of my favorite cryptocurrencies of 2021, I would buy or open positions at the bottom of the channel 1,500 1,600. Target 2,000 2,200.
Graphic: https://it.tradingview.com
This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.
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