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.
All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CryptoPost constitutes an investment recommendation, nor should any data or Content published by CryptoPost be relied upon for any investment activities. CryptoPost strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
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