MaidSafeCoin has rejected the support at 227.2% Fibonacci retracement level applied to the corrective wave after the btc 0.00014 support breakout. Price stopped declining after rejected 4086 satoshi. At the same time, a bullish divergence was formed on the RSO oscillator signaling on a potential trend reversal.
This is an early indication that the direction of the trend could be changing and the cheap price of MaidSafeCoin could look attractive to investors. Perhaps it is a little premature to say with certainty that the trend is changing but the probability of that happening is high.
The very first resistance is at the previous support, which is 7600 satoshi and that corresponds with the downtrend trendline. Secon target is 61.8% Fibonacci retracement level located at 10900 satoshi. The price is attractive, the price is cheap, and the only way to invalidate the potential trend reversal would be a daily close below the 4k satosi support.
This is an early indication that the direction of the trend could be changing and the cheap price of MaidSafeCoin could look attractive to investors. Perhaps it is a little premature to say with certainty that the trend is changing but the probability of that happening is high.
The very first resistance is at the previous support, which is 7600 satoshi and that corresponds with the downtrend trendline. Secon target is 61.8% Fibonacci retracement level located at 10900 satoshi. The price is attractive, the price is cheap, and the only way to invalidate the potential trend reversal would be a daily close below the 4k satosi support.
Comment:
MaidSafe should be ready to rally, you should get ready too