Technical analytics



Sellers found a decent support at 6200. Buyers defended this area and the price bounced from the level on every attempt to the downside on Monday. The selling pressure increased in the night and the coin dropped to the 6000. The EMA50 and the EMA100 are going south. The EMA50 is crossing the EMA200 downwards. The EMA200 is still neutral. MACD is growing in the negative area. RSI is stable in the oversold territory. The resistance stands at 6300, the support is at 6000.

A failure to regain the 6200 level may increase a positive bias in the market. In this potential scenario buyers could recover above 6600.

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