Particl has formed a double bottom at 67500 satoshis after which price went up and today broke above the downtrend trendline. It seems that this is the beginning of either a correctional move up or even trend reversal. PART/BTC is expected to rise towards 94150 satoshis area in the near future. This is the 50% Fibonacci retracement level from the last wave down. Price could reach 61.8% Fibs, that is 100k satoshis area, the key psychological resistance. Break and close above this resistance could be the confirmation of the trend reversal, but for now only a correctional wave up is expected. On a downside, break and close below the recent low at 66k satoshis should invalidate bullish outlook.
(PART) Particl is on the verge of a breakout if it can get above the blue line. Am long for a breakout, but watch closely with stop because if its going to reject lower, it likely will happen soon at this blue line. For more updates and other charts, join our discord. https://discord.gg/2PBD6f