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24h Vol:
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ETH:
$0.00
COV:
$0.00

ZENBTC

PAIR:ZENBTC

Use of FIBONACCI RETRACEMNET LEVELS and the SUPPORT AND RESISTANCE LEVEL.

As price respects the validity of the ratio and the support and resistance levels, price has maintained some sort of resistance and support levels between 0.786 and 0.382 retracement level( 0.00466850sats and 0.00323330sats respectively).

With sell off within this zone, price trend will likely consolidate more in the range. The RSI is gaining some fast momentum as it has crossed the 50( on the RSI).

Price steadily moving to the brown zon(resistance level at 0.786fibonacci retracement level) after touching testing the 0.382 level.

A measure move up to (with the measured low of 0.00180895sats) 1.618fibonacci retracement level at 0.00785516sats will be achieved only when price breakout from the current resistance it has been maintaining for some time now and closes above it.

Technicals suggests that price has continuously maintained a resistance levels since on the 29th of January 2018.

VERDICT:

BUY: 0.00481599sats( or buy at current price and hold)

SELL: 0.00644174sats up to 0.00785516sats

STOP LOSS: 0.00331538sats

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$COV HODL