Topic: ParkByte Is Worth Watching (Read 158 times)
ParkByte has $0.967557 right now we can really see in the chart right now that it is really bullish in its move, it really did get to the $1.15 dollar on November 22 then dips again I really think there are still resistance with ParkByte right now but if you are a long term investor then I think it is worth to watch where can this coin might end up just like Ethereum, Litecoin, BCH, and more that taken a spotlight from certain investors.
ParkByte is one of those “fresh” cryptocurrencies that is highly volatile and yet to prove its’ worthiness. Nevertheless, it keeps rejecting the uptrend trendline and since October printing higher highs and higher lows.
The trend remains bullish in the medium term and there would be another wave up approaching shortly. Fibs applied to the corrective wave after descending channel breakout shows that there is resistance at 261.8% retracement level, that is $1.788, which is inline with the extended upper trendline of the ascending channel.
The nearest support is at $0.85, which could potentially be broken, but the key support is based at $0.6 and only break below that level would invalidate bullish outlook.
http://cryptopost.com/parkbyte-is-worth-watching/
The trend remains bullish in the medium term and there would be another wave up approaching shortly. Fibs applied to the corrective wave after descending channel breakout shows that there is resistance at 261.8% retracement level, that is $1.788, which is inline with the extended upper trendline of the ascending channel.
The nearest support is at $0.85, which could potentially be broken, but the key support is based at $0.6 and only break below that level would invalidate bullish outlook.
http://cryptopost.com/parkbyte-is-worth-watching/
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