DigitalNote has found the support at 91 satoshis, that is 227.2% Fibonacci retrenchment applied to the previous corrective wave up. Although it looks like price broke below, Daily close was above it and afterwards price rejected this level two times.
The upwards move has followed and price reached 180 satoshis, where XDN/BTC has doubled in value. On a corrective wave down price wen down and rejected the 50% Fibonacci support along with the 50 Moving Average suggesting the continuation of the uptrend. The most recent price action resulted in a close above the previous high, drawing higher highs and high lows pattern.
Now Digital Note should move up towards the strong resistance near 300 satoshis area, that is 38.2% Fibs applied through the all-time high. And only break and close below 130 satoshis support could invalidate bullish outlook.
The upwards move has followed and price reached 180 satoshis, where XDN/BTC has doubled in value. On a corrective wave down price wen down and rejected the 50% Fibonacci support along with the 50 Moving Average suggesting the continuation of the uptrend. The most recent price action resulted in a close above the previous high, drawing higher highs and high lows pattern.
Now Digital Note should move up towards the strong resistance near 300 satoshis area, that is 38.2% Fibs applied through the all-time high. And only break and close below 130 satoshis support could invalidate bullish outlook.