--> The MACD is showing a reversal is pending, looks like it’s going to a strong golden cross.
--> The shows “oversold-ness” and is edging upward
--> The graph itself shows that the Fibonacci 61,8 is already a strong support, together with the underlying trendline. Price has been bouncing back and forth from that line. Moreover, the last couple of days, price has been consolidating at these levels.
--> Given the bullishness in the and the support levels that are still intact, I think we can reasonably expecting a boost somewhere soon.
--> In the mean time, note that if it would fall through, the next level would be the 78,6 retracement at around 0,00028387.
--> But everything is pointing to further upward movement, with the 0,5 level at 0,00056031 as a first major to overcome.
Feel free to draw an analysis on it ;-)
Daily: MACD approaching Bullish cross
4 hourly: triggered us to buy BEFORE the daily cross, realising a nice gain already!
It looks a bit underwhelming though, what do you think? It might have negative impact on the price so keep that in mind!
By the way, our twitter post got around a small 100'ish replies in the mean time, and the general response there tends to agree with the bullish camp ;-)