The cryptocurrency closed the previous trading day with a 0.98% gain over the US dollar, and for the new session it already has a 1.59% gain on top of that, it currently broke the resistance at 10,203 which could indicate a breakout with potential reach for a resistance at 10,639. The relative strength index has gained 4%, currently at 41% indicating that a possible trend change can be expected which is consistent with the with of the bollinger bands, although moving averages indicate that the downtrend could continue, we need to consider that this is a lagging indicator as we run 20 and 40 days in the periods to calculate it.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.