/biz/ - Business & Finance

>>24639427
Looks better than a lot of other old alts, but I'd still be cautious given the velocity at which it dumped into this monthly level. That monthly level is holding up for now. We've basically just taken out the high and low of the initial trading range established down here, so I would expect a lot of crabbing probably.

Given that we just took out the low, we really shouldn't spend much time back below the range low/monthly support. If we do and don't immediately wick back up, I would expect further downside. I'd give it another week or two to let bitcoin decide what it wants to do and reevaluate the chart from there.