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 as resistance on several occasions; multiple times on the 24th; again on the 28th; a third time on the 29th. If the market can break above 0.000125 in the same manner as 0.000119 was broken – a rally back up to the major pivot at 0.000145 would not be out of the question.



Disclaimer:  This is not trading/investment advice!

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