WhiteCoin Range Trading
Recently WhiteCoin has found the bottom at $0.075, where it has rejected 161.8% Fibonacci retracement applied to the corrective wave up after the $0.1 support breakout. Since then price went up and formed the resistance at $0.091, that is 38.2% Fibonacci retracement level.
Overall, XWC/USD stuck between the support and resistance, which mean that range trading is in progress. The consolidation is likely to continue and only break and close above the $0.1 resistance or below the $0.075 support could establish further direction.
Break below the support could push price down towards next support at 261.8% Fibs, that is $0.065, while break above the psychological resistance at $0.1 could be the confirmation of the trend reversal and potentially result in a strong growth.
Overall, XWC/USD stuck between the support and resistance, which mean that range trading is in progress. The consolidation is likely to continue and only break and close above the $0.1 resistance or below the $0.075 support could establish further direction.
Break below the support could push price down towards next support at 261.8% Fibs, that is $0.065, while break above the psychological resistance at $0.1 could be the confirmation of the trend reversal and potentially result in a strong growth.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.