EnergyCoin Returned To Support Area
업데이트됨
EnergyCoin has been bouncing off the uptrend trendline as well as 200 Moving Average for an extended period of time and recently has spiked up as expected. ENRG/USD went all the way up to $0.55 from $0.07 support, resulting in over 600% growth.
Price corrected back and currently is rejecting the downtrend trendline which previously acted as a resistance, but this time it is the support trendline. Price could jump up again as EnergyCoin continues trading above the 200 Moving Average and above the $0.13 support.
It could very well produce the double top near $0.5-0.55 area after which the consolidation period could start. But break above that area could invite more buyers, sending price even higher. There are two support levels that should be watched closely, $0.13 and $0.07. EnergyCoin could still range trade for a little longer and even get back to $0.13 before going higher, but only break and close below $0.07 could invalidate bullish outlook in the short-medium term.
Price corrected back and currently is rejecting the downtrend trendline which previously acted as a resistance, but this time it is the support trendline. Price could jump up again as EnergyCoin continues trading above the 200 Moving Average and above the $0.13 support.
It could very well produce the double top near $0.5-0.55 area after which the consolidation period could start. But break above that area could invite more buyers, sending price even higher. There are two support levels that should be watched closely, $0.13 and $0.07. EnergyCoin could still range trade for a little longer and even get back to $0.13 before going higher, but only break and close below $0.07 could invalidate bullish outlook in the short-medium term.
노트
Seems its time to buy now노트
EnergyCoin moving according to the plan...노트
📱 Telegram: t.me/Tradexcel
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.