The buy volume seems to prime SAFEX for more upside once the retracement is over. Accumulating more at these levels wouldn't necessarily be the worst idea. Both short and long term. However, more down-side can't be ruled out. Always manage your risk and stay on the safe side.
triangle break was below the support and downwards trend confirmed, resistance around 270-285 satoshis
On peut ici remarquer un cycle de pump à intervalle régulier, dont les ATH -0.43% descendent dans le temps. On peut donc imaginer un scénario proche ou le SAFEX pourrait pump. On note aussi la stabilisation de la MACD , qui signifie un changement sur le marché ?
We see SAFEXBTC about to hit the 8/1 Fan Uptrend Line, this is to be considered one of the lowest uptrend lines. We can see 0.00000925 being our all-time high. We can use the moving average ribbons to indicate we have been on a downtrend since that all-time high. Using the Fibonacci retracement starting from the pre-bullish trend on SAFEXBTC we can see that we...
Price coming back to previous resistance area which was recently broken. I expect a rebound from this area.