Bitcoin has been outperforming MaidSafe coin up until the 2nd of November when it tested 4086 satoshi. At the same time, it rejected the 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.
The RSI Oscillator showing bullish divergence suggesting the potential correction or a reversal to the upside. However, there is minor resistance at 4021 satoshi that must be penetrated in order for MAID/BTC to rise further. At this point risk of consolidation or a double bottom formation remains.
Daily close above 7021 satoshi should send MaidSafe Coin up, towards the downtrend trendline and 50% Fibonacci retracement near 10000 satoshi.
The RSI Oscillator showing bullish divergence suggesting the potential correction or a reversal to the upside. However, there is minor resistance at 4021 satoshi that must be penetrated in order for MAID/BTC to rise further. At this point risk of consolidation or a double bottom formation remains.
Daily close above 7021 satoshi should send MaidSafe Coin up, towards the downtrend trendline and 50% Fibonacci retracement near 10000 satoshi.
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