Since November BitBean has been rising strongly and went up from $0.002 up to the $0.024 resulting in a growth of over 1150% in less than two months. At $0.024 it found the resistance confirmed by the 127.2% Fibonacci retracement level applied to the last corrective wave down.
As there was a clear rejection of $0.024 it is now likely that BITB/USD will consolidate for an extended period of time, of course, if the resistance will be respected by the market. Break above the resistance should signal on the uptrend continuation, however, at this point, BitBean could be taking some break while moving lower.
As there was a clear rejection of $0.024 it is now likely that BITB/USD will consolidate for an extended period of time, of course, if the resistance will be respected by the market. Break above the resistance should signal on the uptrend continuation, however, at this point, BitBean could be taking some break while moving lower.
Order cancelled:
Bitbean broke above the resistance, uptrend could continue as now resistance is acting as a support