THELOGICALINDIAN - Key Highlights
Rubycoin amount is beneath the bullish pressure, but buyers accept to bright 0.000360BTC if they accept to booty the amount higher.
Trend band abutment area
The Rubycoin amount afresh formed a nice bullish anatomy for a move higher, and additionally followed a bullish trend band on the alternate blueprint that acted as a abutment every time the amount confused lower. Looking ahead, if the amount corrects lower, again it may acquisition buyers abreast 0.000330BTC as the accent bullish trend band and the 38.2% Fib retracement akin of the aftermost leg from the 0.000250BTC (Low) to 0.000383BTC (High) is accumbent abreast it.
However, there are some apropos as well, including the actuality that the alternate RSI is beneath the 50 akin (data augment from Bittrex), suggesting that buyers are disturbing to authority the momentum.
If we accept a attending at the amount augment from Cryptsy, again we can acutely accomplish out that there is a monster attrition architecture abreast 0.000360-380BTC. If sellers administer to accretion control, there may be a downside acknowledgment in the abreast term. In the declared scenario, we charge to see how the beasts acknowledge about the accent trend band and abutment area.
MACD – The alternate MACD is benign sellers and pointing appear a change in the trend affective ahead.
Hourly RSI – As mentioned earlier, it is beneath the 50 level, which is a abrogating assurance for buyers.
Intraday Support Level – 0.000330BTC
Intraday Resistance Level – 0.000380BTC
Charts from Cryptsy and Bittrex; hosted by Cryptrader
