Don't get me wrong, big fan of crypto and think the next rally will be much bigger then the previous however.
That $5,200 area is also the 21 monthly moving average. Reckon it will need a few attempts at that level to break it.
Going by history, BTC had taken 4 attempts to get though that 21 moving average , the 3rd attempt seen crypto lose 3/4 of it's value. IMO that was the wash out attempt.
If your long on crypto and related who cares.. but some may jump in thinking short term bags may have there ars handed to them.
DCC Daily Chart Analysis, page-212
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Last
4.5¢ |
Change
-0.001(2.17%) |
Mkt cap ! $38.98M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.6¢ | 4.2¢ | $35.62K | 807.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 110333 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 400000 | 1 |
View Market Depth
| Last trade - 15.59pm 01/11/2024 (20 minute delay) ? |
| DCC (ASX) Chart |