Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.
I won't be too sure based on just 2-3 days work. Any Bear can dump the hell out of support any time they want to.I hardly see buying support that strong.
But it's expensive to do so. And if he's the only one dumping, he'll lose money.
And there are still 22,000 coins held short that need to be bought back on finex. Look at the orderbook and see how far up the price that takes you. (And yes it isn't quite that simple but..)
I agree. The order books look bullish atm. Even though I don't generally base my trading on them as they can quickly change, I do put a lot of weight in effort versus result when looking at volume.
