CryptoPub Daily - Crawling toward the weekend

in #cryptopub6 years ago

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It has been a busy week at the CryptoPub IRL and a rather uneventful week in the crypto charts so a little break was nice. Pull up a stool and lets take a peek at the end of the week.

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The low volume has continued throughout the week as Bitcoin is asleep around the $5,500 support level. Monero, Ethereum and EOS are popping green then red while NEO and OMG match strides once again down 2%. In the Poodle race between Lumens/Tron/FunFair/aElf/0X Protocol, we have FUN in the lead, up2% on the day as ZRX cools off down almost 4% on the day.

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Low volume tends to lead to price stability and it seems everyone is waiting for something as I look to the daily chart for signs. With the Snoozy volume tends to break hard like support lines and I am trying to figure out which way. Seeing as the trend on the daily is down and we keep touching the $6,500 support line, I am guessing down. Factors to consider include the possibility of more of the same in another low volume weekend, the downward cross on the MACD that didn't hurt too bad, and the recent huge spike in buying which may happen again? Either way, I am holding my exchange fiat and looking for a return to/strengthening of the support lines.

Then there is this......

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Coin of the day:


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It has been a little boring lately. Wonder if this will just be the calm before the storm. Year end Rally?

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