RubyCoin Price Weekly Analysis – Uptrend Remains Intact

Key Highlights

  • Rubycoin price continued to move higher and even traded above an important resistance of 0.0005 BTC.
  • There is a monster bullish trend line formed on the hourly chart (price feed from Bittrex), supporting the price on the downside.
  • The highlighted trend line is aligned with the 100 hourly simple moving average, which is pushing the price higher.

Rubycoin’s price is following a nice uptrend, and it is intact. There are many positive signs suggesting more gains moving ahead.

Trend Line and Support Area

RubyCoin Price Weekly AnalysisRubyCoin Price Weekly Analysis

Rubycoin prices continued to surge higher, and the best part is the fact that the price broke a major resistance area and settled above 0.0005 BTC. Now, there is a support trend line formed on the hourly chart of the Rubycoin price (data feed from Bittrex), which is acting as a catalyst for the upside move.

The price is moving perfectly along with the bullish trend line, and the most important point is that the 100 hourly simple moving average is also with the trend lines. The break above 0.0005 BTC was very crucial, which means there is a

Read more ... source: NewsBTC USA