- DarkNote price tested a buy zone, which we highlighted in yesterday’s technical analysis.
- The price is struggling to hold ground as sellers remained in control, creating a risk of a break below 0.00000078BTC.
- The price has moved below the 100 hourly simple moving average, which is warning sign in the short term.
DarkNote price looks like at a risk of more losses, but as long as it is above the broken trend line there is a hope.
Risk of More Downsides?
The DarkNote price continued to move down after testing a major swing area of 0.00000090BTC and completing a bullish outside bar candle pattern. We highlighted yesterday that the price might find support near a critical area of 0.00000078BTC, as it coincides with the 50% Fib retracement level of the last wave from the 0.00000068BTC low to 0.00000089BTC high. However, it looks like buyers are struggling to hold the ground and protect the mentioned support area.
The price has moved below the 100 hourly simple moving average, which is a bearish sign in the near term. It can also be seen