Reasons to sell
Overextension of the RSI on the 4hr
Bearish DIV on 1hr and 2hr
Last time we saw a move like this was 04 Nov 2020 with a 20% correction happening
Strong resistance at $6
Head and shoulders still intact (but subject to change as we are in a bull run and this is a bearish pattern) low success rate in bull runs
Could see price revisit $4.80
Reasons to buy
Very strong bullish daily candle with a breakout of the descending channel
Doji at support level on 25th March
Good news came out in regards to ASGARDEX/Multichain going live soon
Overextension of the RSI on the 4hr
Bearish DIV on 1hr and 2hr
Last time we saw a move like this was 04 Nov 2020 with a 20% correction happening
Strong resistance at $6
Head and shoulders still intact (but subject to change as we are in a bull run and this is a bearish pattern) low success rate in bull runs
Could see price revisit $4.80
Reasons to buy
Very strong bullish daily candle with a breakout of the descending channel
Doji at support level on 25th March
Good news came out in regards to ASGARDEX/Multichain going live soon