As you can see during 2015 we experienced a move from 0.00002000 to 0.00029400 within 4-5 months which is around a 1300% increase in price.
Currently, price is respecting the level, if we see a break of this level we will see an increase to 0.00029400, thus providing an excellent opportunity to buy!
If we fail to break the 0.618 level we will see a drop back down to the before sky-rocketing, this is where I would enter my position (in a perfect world).
The main purpose of this post is to highlight the key price structure within the market, refer to this chart whether you're going long or short.
If you want more trading inspiration, connect with me below.
We're currently trading in-between the trendline and 0.618 retracement level.
If all goes well with the release it could bring the much needed attention to MaidSafe.
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I agree with you, it has found support and I do not see it breaking anytime soon.
Thanks for commenting.