Hcash | Hshare VS Bitcion

The Hshare coin has found the support at 910 satoshis, which is 78.6% Fibonacci. The support has been rejected, along with the uptrend trendline. The high highs, higher lows pattern remains valid, and combined with the rejection of the support, current price action suggests growth.

The resistance is seen at 3225 satoshis, that is 127.2% Fibonacci retracement level. It clearly corresponds to the previous support and resistance areas formed back in 2017.

Further downtrend at this stage seems to be unlikely, nevertheless, daily break and close below 910 satoshis could push price down to 600 satoshis are to form a double bottom.

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