The moving average convergence & divergence ( ) had a crossover which is backing the current positive move but looking vulnerable for another crossover at the same time.
The ( ) has formed a pattern in the levels after touching the oversold region twice while the current level stands at 42.63 and moving positively.
The index (DMI) is also showcasing positive sentiments as (33.93) moves well-above (26.39). However, is currently showcasing negative nature and needs to avoid it for a longer timeframe.
The overall market conditions have turned positive which can back the current positive move of the digital asset. However, there’s still room for improvement in the technical levels as it looks vulnerable to another negative dip. A positive crossover above $13.00 can provide surety for the retesting of the .
Resistance level: $14.50 & $14.00
Support level: $12.00 & $11.80