- The Rubycoin price is trading with the bullish bias, but facing a major hurdle near 0.000360BTC.
- The stated level represents a crucial resistance that might ignite a move lower.
- A support trend line is formed on the hourly chart (data feed from Bittrex), which is likely to act as a buying zone in the near term.
Rubycoin price is under the bullish pressure, but buyers have to clear 0.000360BTC if they have to take the price higher.
Trend line support area
The Rubycoin price recently formed a nice bullish structure for a move higher, and also followed a bullish trend line on the hourly chart that acted as a support every time the price moved lower. Looking ahead, if the price corrects lower, then it may find buyers near 0.000330BTC as the highlighted bullish trend line and the 38.2% Fib retracement level of the last leg from the 0.000250BTC (Low) to 0.000383BTC (High) is aligned near it.
However, there are some concerns as well, including the fact that the hourly RSI is below the 50 level (data feed from Bittrex),
Read more ... source: TheBitcoinNews
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