THELOGICALINDIAN - Rubycoins amount is assuming a few bearish signs on the 4hour blueprint and if sellers administer to booty advantage there ability be addition decline
Rubycoin prices attempted to breach a major attrition breadth of 0.0005-0.00051 BTC a brace of times, but struggled to accretion momentum. There was a monster abutment trend band on the 4-hour blueprint (price augment from Bitfinex), acting as a hurdle for sellers. However, sellers assuredly managed to booty the amount beneath the accent trend band and abutment area.
Moreover, the amount bankrupt beneath the 100 simple affective boilerplate (4H), suggesting that the contempo breach may be a absolute one. However, buyers appeared about 0.00038 BTC to anticipate the downside move and pushed the amount aback higher. There was a aciculate upside reaction, but the amount is adverse offers abreast the burst 100 MA. Any added assets could booty the amount appear the burst trend band breadth area sellers ability put up a fight.
Currently, the amount is flirting with the 76.4% Fibonacci retracement akin of the aftermost bead from 0.00051 BTC to 0.00038 BTC. On the downside, antecedent abutment can be apparent about 0.00045 BTC followed the all-important 0.0004-0.00038 BTC.
4H MACD – The 4H MACD has afflicted abruptness from bearish to bullish, which is an auspicious assurance for the bulls.
4H RSI – The RSI additionally managed to achieve aback aloft the 50 level, which is addition bullish sign.
Intraday Support Level – 0.00045 BTC
Intraday Resistance Level – 0.00051 BTC
Charts from Bitfinex; hosted by BitcoinWisom
