THELOGICALINDIAN - Key Highlights
Rubycoin amount surged higher, bankrupt a analytical bearish trend band and looks set for added assets affective ahead.
More Gains Ahead?
The Rubycoin amount enjoyed a appropriate run appear the upside, and additionally austere a aloft bearish trend band on the alternate chart. The mentioned breach was critical, as it has opened the doors for added assets in the abreast term. There are abounding absolute signs to agenda from the chart, including the actuality that the amount is aloft the 50% Fib akin of the aftermost leg from 0.000365BTC to 0.000100BTC. Moreover, the alternate RSI is additionally aloft the 50 level, which is a arresting that buyers are actuality to break and ability booty the amount added college from the accepted levels.
At the moment the amount is trading abreast the 61.8% Fib akin area sellers are putting up a fight. A breach and abutting aloft the aforementioned ability booty the amount afterpiece to the aftermost beat aerial of 0.000365BTC area there may be some affairs interest. Overall, buyers are beneath ascendancy as of now, and they ability be able to booty the amount college in the abreast term.
Alternatively, if the amount corrects or moves lower from here, again 0.000202BTC can be apparent as a abutment area. A breach beneath it could booty the amount appear the burst trend band area.
Intraday Support Level – 0.000202BTC
Intraday Resistance Level – 0.000302BTC
In short, one ability accede affairs on dips if the amount corrects lower.
Charts address of Cryptrader
