The Myriad has been trending upwards producing higher highs and higher lows since. The uptrend is clearly valid and is likely to continue. Currently Myriad has corrected from 364 satoshi down to 240 satoshi area where it found the support at 50% Fibonacci retracement.
240 sat support has been rejected multiple times and never went below the 200 Moving Average. XMY/BTC also broke above the 227.2% Fibonacci retracement level and should continue moving higher towards the nearest resistance at 327.2% Fibonacci at 438 satoshi.
240 sat support has been rejected multiple times and never went below the 200 Moving Average. XMY/BTC also broke above the 227.2% Fibonacci retracement level and should continue moving higher towards the nearest resistance at 327.2% Fibonacci at 438 satoshi.
Comment:
Myriad at the support.. which is being rejected
Trade active:
Could test the uptrend trendline, trade remains active
Comment:
very good recovery by Myriad
Trade active