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Crypto Currency Technical Analysis:
- Downward correction which started on 14th august, 2017 has been over with strong bullish engulfing candle on daily timeframe chart.
- Strong support line is near 0.0040 – 0.0045 area.
- Coin is expected to move higher from here, followed by first resistance level at 0.0068
- We bought this coin at 0.0048 with intended target at 0.0096 (R-2 LEVEL) in 60 days
- Coin is expected to move high slowly.
- First resistance ahead at 0.000065 level which in my opinion won’t hold this time.
- Resistance level R-2 is much strong which could be coin’s target in near future.
- Expected Time required to reach target level is 60 days.
- Downward trendline has been broken at support level with strong bullish candle.
- Coin may dip to 160 satoshis level before resuming it’s uptrend.
- Expected Target area is 300 satoshis which is first resistance level in my opinion.
- Expected time required to complete this pattern is 60 days.
- Coin may have correction ahead to retest the support level which acted as resistance earlier.
- Support is at 0.001 level which is trendline support as well as previous resistance.
- Expected target is 0.002000 satoshi in 60 days.
MY CURRENT HOLDINGS/TRADES/OPEN POSITIONS:
- SAFEX with target 500 satoshi
- Snt with target 1350 satoshi
- BCC with target 0.203 level
- Neo with target 0.0096 level
- Lbry with target 11000 satoshi
- TenxPay with target 0.00079 level
- Qtum with target 0.00285
- Monaco with target 0.0031
- Gbyte with target 0.077
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