THELOGICALINDIAN - Key Highlights
Rubycoin amount is surging college and it looks like there is added upside larboard in the abreast appellation as there are abounding bullish signs.
100 MA as a Support Area
Rubycoin amount had a appropriate upside run this accomplished anniversary as it begin buyers that took the amount college and aloft many hurdles. The amount traded as aerial as 0.000477BTC area it begin offers for a downside move. There is a accessory alteration underway, but the adventitious of it extending added is actual less, as there are abounding abutment areas on the way down. There is a bullish trend band formed on the alternate blueprint (price augment from Bittrex) that may act as a abutment and affairs area if the amount moves or corrects lower from the accepted levels.
An antecedent abutment on the downside is about the 38.2% Fib retracement akin of the aftermost leg from the 0.000409BTC low to 0.000477BTC high. There was an access in aggregate acclaimed that is a assurance that buyers are in and set for demography the amount added higher. We charge not to balloon that the 100 alternate simple affective boilerplate is accumbent on the downside with the 61.8% Fib retracement akin of the aftermost leg from the 0.000409BTC low to 0.000477BTC high. So, it won’t be accessible for sellers to booty the amount lower in the abreast term.
If we attending at the 4-hours blueprint (price augment from Cryptsy), again it is bright that there was a monster attrition about 0.000350-60BTC. The declared akin was broken, which can be apparent as a above break. So, if the amount moves lower that the declared akin ability now act as a abutment breadth for buyers.
On the upside, the aftermost beat aerial of 0.000477BTC is a concise attrition for added gains.
4-hours MACD – The MACD is on the rise, but it looks like there is a accessory alteration achievability affective ahead.
Hourly RSI – The RSI is aloft the 50 level, which a assurance that there is no abatement for sellers in the abbreviate term.
Intraday Support Level – 0.000450BTC
Intraday Resistance Level – 0.000477BTC
Charts from Cryptsy and Bittrex; hosted by Cryptrader
