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DarkNote Price Weekly Analysis – All Targets Hit, Book Profits

Aayush Jindal
Aayush Jindal
7 years ago
2 mins read
DarkNote Price Technical Analysis – Final Target Achieved.

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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Darknote Price Key Highlights

  • DarkNote price continued to lose ground and traded lower to break the low of 0.000000747BTC.
  • The price even cleared the all-important 0.00000070BTC, which ignited a downside move.
  • All our sell targets hit, and it is now wise to book profits and step aside for a correction.

DarkNote price tumbled and broke an important support area to set the pace for losses in the near term.

Correction Ahead?

The DarkNote price dived sharply and continued to trade lower. There was a monster downside reaction, which caused a break below the last pointed low of 0.000000747BTC. The downside reaction was very strong, as the price even cleared the 0.00000070BTC level. A new low of 0.000000669BTC was formed, which helped buyers to stall the downside move. There was a descending channel formed as highlighted in the previous week’s analysis. The price continued to trade inside the highlighted channel, which is acting as a catalyst for losses. The channel upper trend line is positioned with the Middle Bollinger Band, which must be breached if buyers have to take the price higher.

DarkNote

If the price manages to break the channel resistance area, then the next level of interest for buyers could be around the 23.6% Fib retracement level of the last drop from the 0.00000088BTC to 0.000000669BTC. It might be difficult for buyers to take the price further considering the current bearish pressure on the price.

On the downside, the last low of 0.000000669BTC might act as a support moving ahead. A break below it could ignite more losses in the near term, which may take it towards 0.00000062BTC.

Intraday Support Level – 0.000000669BTC

Intraday Resistance Level – 0.00000072BTC

The hourly RSI and MACD are under pressure, which means there are still no signs of a correction in the near term.

 

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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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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