- DarkNote price continued to move higher as anticipated in yesterday’s technical analysis post.
- A bullish outside bar candle was formed on the hourly chart, which played well for our target of 0.00000090BTC.
- It’s time to book profits and wait for a correction to look to a possible buy entry.
DarkNote price reached 0.00000090BTC as our highlighted bullish outside bar candle pattern played well.
The DarkNote price moved higher and completed our bullish outside bar candle pattern to trade near 0.00000090BTC. The price did not completely test 0.00000090BTC and traded as high as 0.00000089BTC. The price found sellers around the stated level, and it looks set for a correction in the near term. If the price moves lower from the current levels, then an initial support can be seen around the 38.2% Fib retracement level of the last wave from the 0.00000068BTC low to 0.00000089BTC high. However, the most important support can be seen around the 50% Fib level, as it coincides with a broken bearish trend line on the hourly chart.
Moreover, the 100 hourly simple moving average is positioned around the highlighted support area.