Shift Coin Potential Rally After Correction
Shift coin has been showing some good performance recently. After breaking above the triangle pattern and finding the support and the downtrend trendline it has jumped up from $1.6 up to $6.4, gaining 280% over the USD.
Today a strong correction took place, bring SHIFT/USD down to the previous all-time high at $3.2 support. Seems that support is being rejected which could result in a continuation of the uptrend, since higher highs and higher lows pattern hasn't been invalidated.
Currently, Shift is trading at the $3.2 support which could attract more investors as the price is relatively cheap. The first upside target is seen at $9.3, which does correspond to two Fibonacci retracement levels, 327.2%, and 661.8%. This price is also very close to the $10 psychological level and could be a strong resistance as well as a good take profit target. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
Today a strong correction took place, bring SHIFT/USD down to the previous all-time high at $3.2 support. Seems that support is being rejected which could result in a continuation of the uptrend, since higher highs and higher lows pattern hasn't been invalidated.
Currently, Shift is trading at the $3.2 support which could attract more investors as the price is relatively cheap. The first upside target is seen at $9.3, which does correspond to two Fibonacci retracement levels, 327.2%, and 661.8%. This price is also very close to the $10 psychological level and could be a strong resistance as well as a good take profit target. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
Komen:
How to do you like Shift? started to move up almost immediately
Dagangan ditutup: sasaran tercapai
Komen:
Shit could go higher since resistance was broken
Komen:
lol, just noticed, not Shit, but Shift of course, sorry guys :)