Category: MAIDsafe

MAIDsafe Technical Analysis for 05/30/2016 – 0.000119 Pivot Zone Turns Into Support

The MAIDsafe exchange rate is finally trading above the major pivot zone at 0.000119. Since the 27th, the market struggled to get above 0.000119; six times to be exact. However, that changed yesterday, when the price finally managed to break above 0.000119, with 0.000119 acting as support. But there is another obstacle the market needs to overcome: 0.000125. Once price slipped underneath this area on May 24th, 0.000125 has acted …
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MAIDsafe Technical Analysis for 05/23/2016 – Another Big Move Imminent?

The MAIDsafe digital token rallied quite hard on May 17th, but since then, price has been trading in a sideways fashion and the trading range is getting progressively narrower. A very clear triangle pattern is visible on the 2-hour charts! This tell me only one thing: pressure is building up. Triangle formations usually resolve with violent bursts, therefore, I would say that the chances of another big move are increasing …
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MAIDsafe Technical Analysis for 05/16/2016 – Price Approaching Major Pivot Zone at 0.000128

The 0.000105 pivot area continues to be a dominant price level on the MAIDsafe charts. On the 14th, 0.000105 acted as support for a third time. Since bouncing off 0.00015, price has been rallying and is now approaching another major pivot area that may cause some problems: 0.000128, which was outlined in two of my previous MAIDsafe articles (05/09/2016 & 05/04/2016). Before I go any further, I would like to …
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MAIDsafe Technical Analysis for 05/09/2016 – 0.000115 Pivot Zone Turns Into Resistance

My previous MAIDsafe article looked at some of the major pivot zones on the charts and the 0.000128 area, as well as 0.000115, were two of the main levels that were outlined. At the time, I speculated that a break under 0.000128 would most likely send price all the way down to 0.000115. On May 7th, price sold-off in a very violent manner down to 0.000105 – the previous swing …
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