SpaceChain (SPCBTC) just printed a long-wick Tuesday that tested all the way down to MA200 as support. Prices recovered and closed below the EMA200 brown line.
Today, we are seeing prices moving back above EMA100, EMA300, and also challenging EMA50 which signals bullish potential.
There can be additional correction before prices move up but any trading above MA200, which also coincides with the 0.386 Fib. extension level (now at 0.00000029) and we consider this a strong bullish setup.
The main targets are marked on the chart with magenta dashed-lines.
Nice call tho, thanks for sharing!