Price corrected back and currently is rejecting the downtrend which previously acted as a resistance, but this time it is the support . Price could jump up again as EnergyCoin continues trading above the 200 Moving Average and above the $0.13 support.
It could very well produce the near $0. .55 area after which the consolidation period could start. But break above that area could invite more buyers, sending price even higher. There are two support levels that should be watched closely, $0.13 and $0.07. EnergyCoin could still range trade for a little longer and even get back to $0.13 before going higher, but only break and close below $0.07 could invalidate outlook in the short-medium term.
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