DarkNote Price Key Highlights
- DarkNote price continued to trade lower and broke the last low of 0.000000792BTC.
- The price tested 0.00000075BTC, which was our final target of the sell trade, as highlighted in yesterday’s post.
- A pullback is possible as sellers look exhausted and 0.00000075BTC represents a major support area.
DarkNote price continued to decline, traded close to the final sell target and might correct higher moving ahead.
The DarkNote price traded further lower intraday, and moved towards our final sell target of 0.00000075BTC. The price even moved below the mentioned level to trade as low as 0.000000747BTC. There is now a descending channel pattern formed on the hourly chart, which is acting as a catalyst for the downside move. The price is currently well below the 100 hourly simple moving average, which is a bearish sign in the near term. If sellers remain in control, then a move towards 0.00000072BTC is also possible.
On the upside, an initial resistance is around the channel upper trend line, which might act as a hurdle as it is coinciding with the Middle Bollinger Band. A break above it might