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CryptoPAMM
May 2, 2018 11:26 AM

CoinDash VS Bitcoin Getting The Momentum Long

Description

CoinDash has found th bottom at 400 satoshis and since then has established a clear uptrend while producing higher highs and higher lows. Price broke above the descending channel as well as 50 Moving Average. The 50 Moving Average now is acting as a support which has been rejected multiple times.

It seems CDT/BTC is getting enough momentum to continue going higher, where the strong resistance is seen at 1770 satoshis. The resistance is confirmed by two Fibonacci retracement levels, 88.6% and 527.2% Fibs applied to the corrective wave after the break above the Moving Average.

On a downside, price could correct down to the uptrend trendline or even 460 satoshis support before moving higher. Although the uptrend contamination at this stage is much move favorable. 

Comment

perfect buying price now at 555sats
Comments
IRD
letest review plz
CryptoPAMM
@IRD, expecting uptrend
ReneEin
Any update?
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