With the news from South Korea confirming government’s positive stance on cryptocurrencies trading, the market still remains volatile.
If it doesn’t recover within the next few days, negative news might prompt the bulls selling, that will lead to long liquidation.
However, if the bulls succeed in defending the critical support levels, we might see a sharp pullback and the money sitting on the sidelines will rush into the markets, providing a further boost to the upside.
We believe that we should see a strong move up or down within the next 3-5 days. Let’s see how we can capitalize on this.