MaidSafeCoin wasn't much of an interest for investors in the past few months as with a continuous decline it dropped by 64%, moving from the all-time high $0.78, down to $0.28 -the lowest low since August
Nevertheless, during last week, MAID/USD has managed to recover a lot of losses and in fact, provided a very healthy growth by moving up to $0.51. The recovery followed by the bullish divergence on the RSI oscillator, after which MaidSafe Coin moved up sharply and broke above the 200 Moving Average.
This could be the first indication of reversal with a potential upside target around 427.2% Fibonacci at $0.88. However, the support at 127.2% level must be respected in order for MAID/USD to continue moving up. Daily close must remain above that price - $0.44.
Obviously, mobe below $0.26 will completely invalidate this outlook and could send MaidSafe lower.
Nevertheless, during last week, MAID/USD has managed to recover a lot of losses and in fact, provided a very healthy growth by moving up to $0.51. The recovery followed by the bullish divergence on the RSI oscillator, after which MaidSafe Coin moved up sharply and broke above the 200 Moving Average.
This could be the first indication of reversal with a potential upside target around 427.2% Fibonacci at $0.88. However, the support at 127.2% level must be respected in order for MAID/USD to continue moving up. Daily close must remain above that price - $0.44.
Obviously, mobe below $0.26 will completely invalidate this outlook and could send MaidSafe lower.
Commento:
Here is MaidSafeCoin vs Bitcoin
Commento:
Its now moving higher, huge upside potential
Trade chiuso: obiettivo raggiunto:
could correct down to 0.73 support and only then continue going up
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