The coin is very likely hit a panic bottom today and although
more sideways action is probably ahead, the short - term dips should be bought by investors, while traders should wait for a confirmed trend change in the volatile environment.
A move above the current high towards the long - term Fibonacci target just above the $ 250 level is still likely, but
more sideways action is possible as BTC and ETH are still below their declining trendlines.
Not exact matches
The MACD indicator is neutral, and
more sideways price
action is likely before a sustained move higher.
That said, the declining short - term trendline is still close to the current rate, and the most valuable cryptocurrency might be in for
more sideways price
action, before the Judgement Day of BTC in August.
At this point in time I think it's going to be
more of a time thing than anything else as far the
sideways price
action goes.
While the steep uptrend is now broken and
more sideways price
action is possible short - term, a rally above $ 4400 is still very likely in the coming week.
Towards the end of the video we get to see a little
more intense
action, with the 2012 Hyundai Veloster going
sideways, as the car maker wants to underline the sporty characteristics of the new Honda CR - Z competitor.
Elsewhere look for Gold to continue in its short term uptrend while Crude Oil churns with
more sideways price
action.
In this week's Stock Market Video, Cabot Growth Investor and Cabot Top Ten Trader Chief Analyst Mike Cintolo remains relatively neutral while the market continues to chop
sideways, but a couple of factors are making him
more optimistic, including worsening investor sentiment (that's usually a good thing for the market) and improved price / volume
action in some growth stocks, including a bunch that are making persistent advances, which he hasn't seen for many months.
More sideways - to - higher price
action is likely in the near term.
The
sideways jumps, climbing
action and shove / melee moves (using triangle button) provide
more thrills.