OpenBlock
Long

MaidSafeCoin vs Bitcoin Rejecting The Support

Following the previous idea on MaidSafeCoin/Bitcoin, it broke below the 227.2% Fibonacci support at 4k satoshi. The next wave down was stopped at the next Fibs support, 261.8% level, that is 2.5k satoshi.

Price clearly bounced of that price and at the same time rejected the lower trendline of the descending channel . Currently, MAID/ BTC stuck between 4k satoshi minor resistance and 2.5k satoshi support. Seems that MaidSafe coin at the very bottom although to confirm that break above the 4k resistance is required. If it manages to go higher, 10k satoshi psychological level should be the first upside target that is right at the upper trendline of the descending channel . However, it could be not just a correctional wave down but also a trend reversal.

On the downside note, only a weekly close below 2.5k satoshi support could invalidate bullish outlook.
Comment: MaidSafeCoin has to break above the resistance to go higher, but I think it will happen very soon
Comment: Breaking above the resistance
Comment: Getting close to the target

Comments

Yo da man.
Reply
Thanks, this was very helpful.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out