THELOGICALINDIAN - Rubycoin Price Key Highlights
Rubycoin amount is at a accident of a downside move if the trend band breaks, as there is a adventitious of a bifold top arrangement forming.
The Rubycoin amount bootless alert to breach a above beat akin of 0.000309BTC, which increases the accident of a bifold top arrangement on the 1-hour chart. We charge to see whether sellers administer to booty the amount lower affective advanced or not. On the downside, there is a monster hurdle for them in the anatomy of a bullish trend band on the alternate chart. We accept been afterward the accent trend band for some time now, and it looks like it ability comedy a above role for the trend in the abreast term.
The trend band abutment is additionally positioned with the 50% Fib retracement akin of the aftermost leg from 0.000100BTC to 0.000309BTC. However, an antecedent abutment is about the 100 alternate simple affective average. Sellers charge to bright the trend band and abutment breadth if the accent bifold top arrangement has to booty shape. On the added hand, if the bifold top arrangement is not valid, again the amount may bright the aftermost beat aerial and barter higher.
On the upside, a breach aloft the 0.000309BTC akin could booty the amount appear 0.000360BTC affective ahead.
Intraday Support Level – 0.000228BTC
Intraday Resistance Level – 0.000309BTC
The alternate RSI is aloft the 50 levels, suggesting that the amount is still accurate by the bullish bias.
Charts address of Cryptrader
