💠This week the price finally managed to get out of the flat and punched a rectangle (it did punched it’s upwards), in which it moved for almost 5 days.
💠 The level of 23.6% of the Fibonacci expansion was successfully passed and new peaks opened for the price, which it immediately began to conquer. After the price reached the level of 1600 there was a price correction and a level 50 test of the Fibo expansion, which successfully defended. After that, the price again resumed its upward movement, which is quite a good signal that the trend will go up.
💠Indicators like MACD and MA also indicate that the price will continue to move upwards since MACD has gone from below up the signal line, and the price chart moves above MA.
💠 To all this, we will add an increase in trading volumes and a large number of passive large orders in the purchase glass, and we will get a good confirmation of the uptrend.
💠The only thing that now can negatively affect the price of #ArcticCoin, as well as the price of other crypto currencies is the drop of #bitcoin.
💠 Support level 1250-1300;
💠 Level of resistance 1600;
💠 Orders for the purchase of 1300;
💠 Orders for sale 1550.
💠 The level of 23.6% of the Fibonacci expansion was successfully passed and new peaks opened for the price, which it immediately began to conquer. After the price reached the level of 1600 there was a price correction and a level 50 test of the Fibo expansion, which successfully defended. After that, the price again resumed its upward movement, which is quite a good signal that the trend will go up.
💠Indicators like MACD and MA also indicate that the price will continue to move upwards since MACD has gone from below up the signal line, and the price chart moves above MA.
💠 To all this, we will add an increase in trading volumes and a large number of passive large orders in the purchase glass, and we will get a good confirmation of the uptrend.
💠The only thing that now can negatively affect the price of #ArcticCoin, as well as the price of other crypto currencies is the drop of #bitcoin.
💠 Support level 1250-1300;
💠 Level of resistance 1600;
💠 Orders for the purchase of 1300;
💠 Orders for sale 1550.
