Panjang
MaidSafeCoin vs Bitcoin Rejecting The Support
Following the previous idea on MaidSafeCoin/Bitcoin, it broke below the 227.2% Fibonacci support at 4k satoshi. The next wave down was stopped at the next Fibs support, 261.8% level, that is 2.5k satoshi.
Price clearly bounced of that price and at the same time rejected the lower trendline of the descending channel. Currently, MAID/BTC stuck between 4k satoshi minor resistance and 2.5k satoshi support. Seems that MaidSafe coin at the very bottom although to confirm that break above the 4k resistance is required. If it manages to go higher, 10k satoshi psychological level should be the first upside target that is right at the upper trendline of the descending channel. However, it could be not just a correctional wave down but also a trend reversal.
On the downside note, only a weekly close below 2.5k satoshi support could invalidate bullish outlook.
Price clearly bounced of that price and at the same time rejected the lower trendline of the descending channel. Currently, MAID/BTC stuck between 4k satoshi minor resistance and 2.5k satoshi support. Seems that MaidSafe coin at the very bottom although to confirm that break above the 4k resistance is required. If it manages to go higher, 10k satoshi psychological level should be the first upside target that is right at the upper trendline of the descending channel. However, it could be not just a correctional wave down but also a trend reversal.
On the downside note, only a weekly close below 2.5k satoshi support could invalidate bullish outlook.
Nota
MaidSafeCoin has to break above the resistance to go higher, but I think it will happen very soonNota
Breaking above the resistanceNota
Getting close to the target
📱 Telegram: t.me/Tradensee
Penafian
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📱 Telegram: t.me/Tradensee
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.