About my article on the 5 day standard deviation, For those who haven't read it:
https://www.publish0x.com/trade60/it-would-be-nice-to-know-the-range-of-a-stock-or-crypto-the-xomdmpq
So the range we expect today should be between 58972 and 57427.
Volatility has increased and volumes are lower.
A support at 56450 has been created on the 4-hour chart, resistance always 60000.
A break of 56450 would take us to the 55000 area. Hopefully it's just a simple correction. The daily trend is positive.
Graphic: https://it.tradingview.com
In zone 56000, 56500 I would increase the positions in a hodler's view.
This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.
Let's take a look at EOS:
Also on the 4H chart it is in the support zone, a hammer has been created and has been passed. The stochastic seems to want it to bounce.
I'm waiting for him in area 6.20 6.40
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