Yesterday the price broke out to the upside and closed above the EMA ribbons for the first time since the correction.
Over the last few hours we see the price turning resistance into support and having a nice bounce.
The MACD is close to a positive crossover and the rsi is sitting nice at around 50%. The one thing missing at this point is volume, but this is just a matter of time as the Loopring team on Discord mentioned a big announcement is nearby.
Price target would be between the previous high and ~$1.
As always we've to keep an eye on what the Bitcoin price is doing.
Over the last few hours we see the price turning resistance into support and having a nice bounce.
The MACD is close to a positive crossover and the rsi is sitting nice at around 50%. The one thing missing at this point is volume, but this is just a matter of time as the Loopring team on Discord mentioned a big announcement is nearby.
Price target would be between the previous high and ~$1.
As always we've to keep an eye on what the Bitcoin price is doing.