Peace Steemians,
The downtrend on the daily chart shows the continuous progression toward 4k US Dollar. We have a resistance line around 5.7k USD that the market will test first before any definitive event.
When the values of the tokens drop so fast many plan to move there asset on the stable coins available. This process can only be effective if you have large volume of your finance on the exchange. This position is not recommended since the various attacks on the exchange. Therefore, the cold wallet users will not really move anything into stable coins. I think that we will register in May an uptrend which should show definitive return of the cryptocurrencies.
The market is going to be in the red for a very long month. We have the opportunity to mine some tokens available on the most used blockchain.
Thanks for your attention reading this post.
Holy Bread the Game
You are invited to put in comment section whatever you want to share about the cryptocurrencies market volatility.
Warm regards
src1 |
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