RubyCoin Price Technical Analysis – Bullish Break and Surge

Key Highlights

  • Rubycoin price managed to break a major resistance area to set the tone for more gains in the near term.
  • There is a bearish trend line break noted, which encouraged the buyers to take the price higher.
  • More upsides are possible, as there are many positive signs emerging on the hourly chart for bulls.

Rubycoin price surged higher, broke a critical bearish trend line and looks set for more gains moving ahead.

More Gains Ahead?

The Rubycoin price enjoyed a decent run towards the upside, and also cleared a major bearish trend line on the hourly chart. The mentioned break was critical, as it has opened the doors for more gains in the near term. There are many positive signs to note from the chart, including the fact that the price is above the 50% Fib level of the last leg from 0.000365BTC to 0.000100BTC. Moreover, the hourly RSI is also above the 50 level, which is a signal that buyers are here to stay and might take the price further higher from the current levels.


At the moment the price is trading near the 61.8% Fib

Read more ... source: NewsBTC USA