TradingView
AlanSantana
Jul 2, 2020 6:20 PM

SpaceChain (SPC) Consolidation Continues... 

SpaceChain / BitcoinBittrex

Description

EMA200 (the brown line on the chart), continues to work as resistance for SpaceChain (SPCBTC)... Prices continue to consolidate below this level.

As soon as EMA200 is conquered, prices move and close above it, we will see massive growth.

If the resistance becomes too strong, there can be another drop (shakeup) before the real/final jump... Patience is key... It can breakout today or it can consolidate for a few more days before the bullish breakout is on.

Namaste.
Comments
UnknownUnicorn5855256
drop (shakeup) // How low can it drop ? is 20 a valid point
AlanSantana
@alperalimoglu, Maybe... It has been consolidating for a while.
UnknownUnicorn5855256
@alanmasters, thank you sir, since it has been consolidating, it may rise stronger
AlanSantana
@alperalimoglu, Because it is a low volume pair.
More