THELOGICALINDIAN - Key Highlights
Rubycoin amount is testing a crucial resistance area, and if buyers accomplish in breaking it, again it may be a acute break.
Can Sellers Defend 0.00040BTC?
Rubycoin amount enjoyed a appropriate upside run, as it begin abutment abreast 0.000340BTC and traded higher. There is a cogent attrition formed abreast 0.000380BTC-0.00040BTC that may act as a barrier for buyers and anticipate any added gains. The declared akin acted as a axis area beforehand and adjourned assets on added than two occasions, as apparent in the 4-hours blueprint beneath (price augment from Cryptsy).
The best important point is that afterwards a abortion the amount dived sharply. So, we can say that the amount is trading abreast a analytical beat area. If sellers abort to avert it and buyers managed to breach 0.00040BTC, again a solid acceleration appear 0.00050 will be on the cards .
If we attending at the alternate blueprint (price augment from Bittrex), again there is a abutment trend band formed that may act as a affairs breadth if the amount corrects lower from the accepted level. Moreover, the antecedent attrition 0.000360BTC may now act as a abutment and anticipate the downside.
Overall, on the upside 0.00040BTC and on the downside 0.000360BTC holds the key.
4-hours MACD – The MACD is blue-blooded in favor of buyers, suggesting added assets in the abreast term.
Hourly RSI – The RSI is aloft the 50 level, which addition bullish assurance and may animate buyers.
Intraday Support Level – 0.000360BTC
Intraday Resistance Level – 0.00040BTC
Charts from Cryptsy and Bittrex; hosted by Cryptrader
