After the Bearish trend was confirmed at the end of July the market started to correct since the 16th of August.
The RSI jumped from the "oversold" area and the MACD line just crossed the Signal line showing the beginning of the uptrend, at least for the short time.
If the price will break the resistance level of 0.6629$ it can be considered the confirmation of a Bullish trend. If not, the chances for the support level of 0.49$ to be reached again are quite big.
The RSI jumped from the "oversold" area and the MACD line just crossed the Signal line showing the beginning of the uptrend, at least for the short time.
If the price will break the resistance level of 0.6629$ it can be considered the confirmation of a Bullish trend. If not, the chances for the support level of 0.49$ to be reached again are quite big.