ParkByte is one of those "fresh" cryptocurrencies that is highly volatile and yet to prove its' worthiness. Nevertheless, it keeps rejecting the uptrend trendline and since October printing higher highs and higher lows.
The trend remains bullish in the medium term and there would be another wave up approaching shortly. Fibs applied to the corrective wave after descending channel breakout shows that there is resistance at 261.8% retracement level, that is $1.788, which is inline with the extended upper trendline of the ascending channel.
The nearest support is at $0.85, which could potentially be broken, but the key support is based at $0.6 and only break below that level would invalidate bullish outlook.
The trend remains bullish in the medium term and there would be another wave up approaching shortly. Fibs applied to the corrective wave after descending channel breakout shows that there is resistance at 261.8% retracement level, that is $1.788, which is inline with the extended upper trendline of the ascending channel.
The nearest support is at $0.85, which could potentially be broken, but the key support is based at $0.6 and only break below that level would invalidate bullish outlook.
Kommentar:
Time to grow now
Kommentar:
Parkbyte getting close to the target, will probably break above