StealthCoin continues to trade upwards without a stop. A consistent bullish momentum can be witnessed while XST/USD printing higher highs and higher lows. On the 4th of December price broke above the ascending channel suggesting the continuation or even acceleration of the uptrend.
The first target is seen at $0.54, that is 227.2% Fibonacci retracement level applied to the first corrective wave after the break above the 200 Moving Average. This level corresponds to the upper trendline of the extended ascending channel.
Break above $0.54 should push StealthCoin higher towards $1 strong psychological level where 527.2% Fibs retracement is based. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
The first target is seen at $0.54, that is 227.2% Fibonacci retracement level applied to the first corrective wave after the break above the 200 Moving Average. This level corresponds to the upper trendline of the extended ascending channel.
Break above $0.54 should push StealthCoin higher towards $1 strong psychological level where 527.2% Fibs retracement is based. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
Comment:
Get ready for a rally, its about to start
Trade closed: target reached
Comment:
Stealth Coin rejected resistance
