Technical analysis: . LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001310 to 0.00001110). if so, traders can set orders based on...
Technical analysis: . LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary...
Technical analysis: . LOOPRING/BITCOIN is in a downtrend and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. Trading suggestion: . The price is in a downtrend and we forecast the...