Very important in the next hours/days will be that 4.80$ buy wall, that has been in place for half the day today. A little sell pressure is laying in the air while the promised rally has not yet ignited and is questionable to come into existence at all, so everybody is waiting for a sign, may it be a transaction of significant amount or some mayor news. While this buy wall holds against the forenamed sell pressure it allows the price to hold on relatively high level. Given this support is not removed prematurely the following events will be ahead:
In the next 12 hours the pattern above will finish and the price will either break out of or break below the resistance (yellow line), which way it will take is pretty uncertain, only that there will be a (little) change, either increased pace up or a new trend downwards which will then test the 4.80$ support (if still in place). If a breakout is achieved, the course will likely stop at around 5.20 $ to 5.40 $ and turn around again, due to another resistance zone in this area.
If we look further ahead two larger resistances zero in on the 4.80$, 5.00$ levels which will be tested in roughly 24-48 hours.
All those predictions are subject to speculation since mayor transactions (single buy- or sell-orders) are very hard to predict and news come in randomly. So in the next 48 hours, the price will have to face these tests and goes up if a resistance is broken or down if confirmed.
Maximum in the next 24 hrs.: 6.00$, likely 5.20$
Minimum: 4.00 $, likely 4.80$
