Hi hive friends.
Hopefully all of you are fine. Can't make my post tomorrow because it's been raining so hard here and due to no light our net has been not working. There was no light here all day yesterday and the UPS that was there was also switched off after some time and the rain was getting so heavy that till today it has never rained here before. As I said two days ago above 27200 it will close its daily candle so it can give us a good pump and that's exactly what happened.
As you can see on its 24-hour chart, even after us it hasn't come down like that yet, so we can say that it can start to go above 27,800 again. The way I've been saying every day that China has come into the market and that's a lot of good news for the market so people are re-entering the market which is why we're seeing it go up.
You see, it's built a support above thirty-four cents and that's good, and right now it's getting good between 34 and 36. Now if it closes its candle above 36 cent's in a couple of days. We'll see we'll see a good pump inside that too. The whole problem is still coming the way the government and the people there have said that you have started pouring money into 16 coins. The way people are scared is just giving them money within 16 coins.
If we look at its 24-hour chart, it's going down the way it went up. Its chart is very different from Bitcoin because it's still there the way it went up. As it stands, people have started withdrawing money from it, due to which its value is coming down. Likewise, if the market holds up and doesn't go down, we'll see money coming into everything again.
Because of the market going up the way we're seeing the price at what it is we've seen it come down a little bit but it hasn't gone below 140 yet if we see the market go up again. If yes, this time it will come below one hundred and four. At the moment, its next support is 13.5. If it comes down, we'll see a lot more good stuff in the market.
Fourthly, the way we are seeing it is because of the shortfall we have seen the rest of the coins go up a bit and if it goes down further from here it will be a good sign for the market. The way the news of China is going in the market and people believe it, then the market can be made up to forty thousand dollars from here.
