. MAIDSAFECOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 27.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
. There is a possibility of...
Conventional wisdom suggests that BTC is about to make new highs, see the altcoins doom before it, and hear the lamentation of their bagholders. Just as it has always done in the past.
I am not going to argue that this will not happen - on the contrary - I believe that this altcoin boom will see a major correction, leading to much panic (and wonderful buying...
White trend line (super trend) acts as bullish trend to signify re-entry/rejection.
Rising Wedge pattern plus super trend re-entry with higher closes and higher lows gives high probability movement towards the upside to finish off the 5th leg to 0.00034.
Possible rejection if price action moves above the super trend but returns back below.
MAIDSAFE has been performing well since the start of the year and looks good to continue doing so for the near future. Three trends seem to be in play and it's time for MAID to pick her champion. will it be the exciting but unpredictable Sir Parabolic Moonshot or will the prettiest gal in crypto opt for the less dashing but more long term security of a C&H, or...