StealthCoin Taking a Break
Updated
Following the previous idea on StealthCoin, it has reached the upside target at $1 - 527.2% Fibonacci retracement level and went even higher. XST/USD produced an all-time high yesterday testing $1.4. At this price was the 727.2% Fibs retracement level it was clearly rejected.
Currently, it seems that StealthCoin upwards momentum will take a break and the range trading or even a corrective wave down could take place. In order for the price to continue moving higher $1.4 resistance must be broken. Unless that happens, StealthCoin could be a risky cryptocurrency to hold.
Currently, it seems that StealthCoin upwards momentum will take a break and the range trading or even a corrective wave down could take place. In order for the price to continue moving higher $1.4 resistance must be broken. Unless that happens, StealthCoin could be a risky cryptocurrency to hold.
Trade closed: target reached
Note
All went as expectedNote
Watch the resistance for breakout, as it could result in a continuation of the uptrendNote
Resistance brokenNote
Stealthcoin is now at the support! this could be the starting point for the uptrend continuation
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