GameCredits VS Bitcoin Upside Potential
GameCredits has found the support at 88.6% Fibonacci retracement level, that is 14k satoshis. The support has been rejected several times on a daily time-frame, followed by the move higher and break above the 50 Moving Average.
Currently the Moving Average is acting as the support and this could be the starting point for the uptrend continuation. The key resistance is seen at 55k satoshis area, that is confirmed by two Fibs.
Although the consolidation could take place now, the uptrend seem to be in place and should continue shortly, but only break and close below 13k satoshis support could invalidate bullish outlook.
Currently the Moving Average is acting as the support and this could be the starting point for the uptrend continuation. The key resistance is seen at 55k satoshis area, that is confirmed by two Fibs.
Although the consolidation could take place now, the uptrend seem to be in place and should continue shortly, but only break and close below 13k satoshis support could invalidate bullish outlook.
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