Rise Coin Technical Analysis

Here is a quick glance at the technical chart of RISE Coin now that we've had a day to establish some fibonacci's and trend lines. I have done charts on crypto currencies previously, which then proceeded to have their support levels and fibonacci levels disregarded as the coin was dumped, so have caution! (lolz .... crypto caution?)

It will be interesting to see what happens to this coin over the next week.

On this chart, you can see a clearly established support line just above 000075. This should hold? I would also like to point out the fibonacci levels that are being established over the last few days. I like to go to the top of the wick, though I know some analysts place their fibonacci top and bottoms on the actual bar, which would be 000163.

Lastly, take note of the two blue lines. When looking at the order book, I noticed two very large sell orders of over 50 BTC at these levels. The next is at 0025. For more info on order books, see here: https://steemit.com/rise/@jttheat/rise-coin-bittrex-order-book-analysis

That's all for tonight.

As Always, Take what you can! Give Nothing Back!

-JTtheAT

BTC tip jar: 1MzmDQU5M8Echo1GTd7U2Mvg5qzUWwJsfU