EnergyCoin Upcoming Wave UP
At the bottom, the Oscillator formed the suggesting the upcoming wave up. Price started to move higher and broke above the , 200 Moving Average and 2/1 .
So far all the facts are in favor of the potential growth, where the first strong resistance is seen at 38.2% level, that is $0.27. Break above that resistance should result in more growth towards 50% Fibs at $0.32.
The question remains if ENRG/USD will break above first and/or second resistance because if any of them will be rejected, more consolidation could take place.
On a downside, current support is based at $0.13, but the price could potentially decline even back to $0.1 psychological . And only break and close below $0.1 should invalidate outlook.
Ty for answer.
I was thinking about DigiByte or PotCoin.. What do you think? (I know it's my own choice but still it's worth to ask a professional :) )