Flat | 28 May 2018

Technical Observation

Nothing much has changed with this crypto is still consolidating within a a tight range not going above $0.6770 or below $0.5215. Unless there's a clear break out of this range, I advice remaining flat, however, in case of a breach below $0.5215, then conservative traders should wait for a pullback to the just broken line to pick a short position with an ideal take profit at $0.2490. However, a break above $0.6770 will need a confirmation, a break above the 52 SMA, to confirm a possible rally towards $0.8095.

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.