Wow, we're looking amazing technically.
Ran right into resistance last night at 0.0249 from the 6/1/14 -6/7/14 timeframe on Cryptsy. Bittrex meanwhile flipped the bird at this resistance and hammered on higher.
On all timeframes below 6 hours we have run out of volume and if these motivated buyers return they'll have to boost price back up to get their coins like they have done over and over so far in this rally.
Next resistance is at 0.0257 and then the big guy at 0.0274.
Above those levels could be off to the races and we might very well see a truly fast market unlike what we've seen so far.
Support at 0.0185 and then 0.0161. Below those on volume could signify the end of this rally for at least a couple weeks.
JL
Interesting analysis. Which way do you roll, short term ?
Upwards to 0.0249 retest unless 0.0185 is broken before then. Bears had a good chance of breaking the bull when we ran into 0.019 a couple days ago but they failed miserably on follow through. The bulls now have a good chance of breaking the bears on a strong break of 0.0249 on volume.
