The number of traders interested in crypto is increasing and this is also help the pairs to grow.
The support rests at 51804.50 with resistance at 53634.80 which the weekly pivot point at 58062.20 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 100 and above the EMA of 200. The RSI is rising towards level 50, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 57000.
