MaidSafe VS Bitcoin 35% growth potential

Viktor Karapetjanc Crypto Post

MaidSafe coin seem to have established an uptrend while continuously producing higher highs and higher lows. After MAID/BTC found the low at 2900 satoshis, price has been steadily rising. Price broke above the 327.2% Fibs and reached the high at 6780 satoshis.

On the corrective wave down, price found the support at 4820 satoshis, where it has rejected the 3/1 Gann Fan trendline. Along with the trendline bounce, the 127.2% Fibs support has been rejected.

At the same time the resistance has been formed at 5600 satoshis and currently, consolidation is taking place. However, break and close above the resistance should invite more buyers, that most likely will result in further growth.

MAID could reach 7600 satoshis resistance area, that is confirmed by two Fibonacci retracement levels. If/when the upside resistance reached, Maid will gain 35% over the Bitcoin. And if the resistance is broken, more upside potential would become available.

Author

Viktor Karapetjanc

Crypto Post

Viktor is a Chief Editor, veteran currency trader. He started his trading career in 2001 when he began to study Forex and Binary options trading techniques. Not long after he became a trading systems engineer and algorithmic trading guru.

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