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Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

DarkNote Price Technical Analysis – Take Profits and Wait

Aayush Jindal
Aayush Jindal
9 years ago
2 mins read
DarkNote Price Technical Analysis – Take Profits and Wait. XDN Digital Note.

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DarkNote Price Key Highlights

  • DarkNote price continued to move higher as anticipated in yesterday’s technical analysis post.
  • A bullish outside bar candle was formed on the hourly chart, which played well for our target of 0.00000090BTC.
  • It’s time to book profits and wait for a correction to look to a possible buy entry.

DarkNote price reached 0.00000090BTC as our highlighted bullish outside bar candle pattern played well.

Buy Dips?

The DarkNote price moved higher and completed our bullish outside bar candle pattern to trade near 0.00000090BTC. The price did not completely test 0.00000090BTC and traded as high as 0.00000089BTC. The price found sellers around the stated level, and it looks set for a correction in the near term. If the price moves lower from the current levels, then an initial support can be seen around the 38.2% Fib retracement level of the last wave from the 0.00000068BTC low to 0.00000089BTC high. However, the most important support can be seen around the 50% Fib level, as it coincides with a broken bearish trend line on the hourly chart.

DarkNote

Moreover, the 100 hourly simple moving average is positioned around the highlighted support area. So, there is a chance of buyers appearing around 0.00000078BTC if the price moves lower from the current levels. A break below the 100 hourly SMA might negate the current buy dips view and increase the pressure on buyers.

On the upside, the recent swing high of 0.00000089BTC can be seen as an initial resistance. No doubt, it won’t be easy for buyers to clear 0.00000090BTC but there is a possibility of one more attempt in the near term.

Intraday Support Level – 0.00000078BTC

Intraday Resistance Level – 0.00000089BTC

There is a convergence between the hourly MACD and RSI, pointing towards a minor correction in the DarkNote price.

 

Charts courtesy of Trading View

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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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