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RubyCoin Price Technical Analysis – Targets Hit
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RubyCoin Price Technical Analysis – Targets Hit

Aayush Jindal
Aayush Jindal
9 years ago
2 mins read
RubyCoin Price Technical Analysis – Targets Hit. newsbtc altcoin news

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RubyCoin Price Key Highlights

  • Rubycoin price rocketed higher and traded above an important resistance of 0.000300BTC.
  • The upside was strong as the price gained by more than 10% Intraday as forecasted.
  • All our buy trades target hit, and it looks like the price might correct a bit lower in the short term.

Rubycoin price rallied sharply and traded as high as 0.0003507BTC before starting to correct lower.

Upside continuation?

The Rubycoin continued to move higher, and climbed sharply during the past couple sessions. The upside was very strong, which resulted in a move closer to 0.000360BTC, as the price traded as high as 0.0003507BTC. An important resistance area was breached during the upside drift at 0.000300BTC. We highlighted this past week that buying dips is a good idea, which paid off as the price moved higher. The price traded as high as 0.0003507BTC where sellers appeared to ignite a short-term correction.

RubyCoin Price Technical Analysis

The price is under a correction phase, and trading near the 23% Fib retracement level of the last wave from the 0.000213BTC low to 0.0003507BTC high. It looks like the price might head further lower to trade closer to a bullish trend line formed on the hourly chart. However, there are many support areas on the way down for the price starting with the 38.2% Fib level and then 50% Fib level. There is a RSI convergence on the hourly chart, which is a warning sign for buyers and might take the price lower in the near future.

On the upside, the last swing high of 0.0003507BTC can be seen as a short-term resistance. A break above it might take the price towards 0.000380BTC.

Intraday Support Level – 0.000300BTC

Intraday Resistance Level – 0.0003507BTC

Overall, the price is still trading in a positive zone, and any corrections from the current levels may be a buy opportunity.

 

Charts courtesy of Cryptrader

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Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

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From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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