Market bounce

Over the last one week, the cryptocurrency market has been down and dipping, many people attribute it to the chinese new year, that is the chinese lunar new year which is held around this time every year, to be the cause of this dip.

Every year over last five to six years we have experienced some sort of dip around this period of time.

It is however, nice to see that the market has recovered above the $3400 resistance zone, we are now heading upward and retesting the $3700 zone.

If you can break that, will be heading upward towards $4000 once again, and then see if we can break the all-important $4300 super resistance zone.

I say super resistance, because since mid december 2018, we have not touch that Resistance zone, and it was a Key support that we needed to maintain but failed to.

Our highest point this year may be around $7000 or $6000, but throughout the year we will likely be testing the range of $3000 upward all the way to $6000 as we continue to go sideways in the crypto market.