OpenBlock

ByteBall Taking Over Bitcoin

Long
BITTREX:GBYTEBTC   Bytes / Bitcoin
ByteBall has been trending downwards since July 2017 and was stopped at BTC 0.012 after it lost almost 100% to Bitcoin . The RSI indicator formed a bullish divergence and from BTC 0.012 support GBYTE/ BTC started to rise and broke an extremely strong resistance at BTC 0.04.

The corrective wave followed and the previous resistance at 0.04 has been acting as a support, the price simply failed to go lower. Today ByteBall has broken above the previous high at BTC 0.06, confirming the beginning of an uptrend.

The potential upside targets could be one of the Fibonacci retracement levels, either 38.2%, 50% or 61.8%. Only break and close below the BTC 0.012 support could invalidate bullish outlook.

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