State of Mind - May 21st

New day on the crypto market!

What is the feeling today?

Well the week starts on a rather positive note with gains on major coins generated over the weekend. Market capitalization is currently at 391 billion dollars, slowly approaching the level of 400 billion that it will be necessary to reach to really revive the upward trend.

The Bitcoin broke the $8400 level yesterday and is currently holding above $8500. The $8600-8800 zone remains a barrier to be crossed so that the rise can resume durably. Nevertheless, the technical situation is improving in daily horizon with a MACD which shows signs of reversal.

All this invites us to be optimistic even if we must always remain cautious and use stop-losses.

Good trades to all!