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RubyCoin Price Weekly Analysis – Buying Dips Favored

Aayush Jindal
Aayush Jindal
Last Updated: March 5, 2018 5:55 am
2 mins read
RubyCoin Price Weekly Analysis – Buying Dips Favored

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Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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RubyCoin Price Key Highlights

  • Rubycoin price continued to trade higher as it moved closer to 0.0002257BTC.
  • A new weekly high was formed as highlighted during this past week’s analysis, and looks set for more gains in the near term.
  • There is a support trend line on the hourly chart of the Rubycoin price, which might act as a buy area.

Rubycoin price moved higher this past week, and it looks like it might continue to trade higher moving ahead.

Trend Line Support Area

The Rubycoin price moved higher this week, and also cleared the last swing high of 0.00022BTC. The price traded as high as 0.0002257BTC where it found sellers and currently struggling to clear the mentioned fib level. The price might move lower, and head towards the 23.6% Fib retracement level of the last wave from the 0.0001903BTC low to 0.0002257BTC high. However, the most important point is that there is a bullish trend line formed on the hourly chart of the Rubycoin price.

RubyCoin Weekly Price Analysis

If the price moves lower from the current levels, then the highlighted trend line and support area might act as a barrier for sellers. A break below the trend line and support area could ignite more losses and call for a change in the trend. The next level of interest in that situation could be around the 50% fib area. Any further losses might be difficult considering the fact that the sentiment is in favor of buyers currently.

On the upside, the last high of 0.0002257BTC might continue to act as a resistance. If there is a break above the mentioned level then the price could head towards 0.00025BTC.

Intraday Support Level – 0.0002121BTC

Intraday Resistance Level – 0.0002257BTC

Overall, the price is in the bullish area, which means there is a chance of more gains.

 

Charts courtesy of Cryptrader

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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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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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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

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