($SAFEX) Safe Exchange Coin - The Rebound
We see SAFEXBTC about to hit the 8/1 Fan Uptrend Line, this is to be considered one of the lowest uptrend lines. We can see 0.00000925 being our all-time high. We can use the moving average ribbons to indicate we have been on a downtrend since that all-time high. Using the Fibonacci retracement starting from the pre-bullish trend on SAFEXBTC we can see that we have fallen through the 61.8% Retracement Line but should look at the 78.6% Retracement line as our support alongside the uptrend line as a rebound area. Bollinger Bands are also showing us a very tight compression which tells us the volatile area is over and we can look for more compressed movement before rebound. We can also see an increase in volume but should look for the buy volume to be kicked up and keep our attention focused on the volume at the same time. With this being mentioned we should look for a buy in from anywhere within 0.00000132 - 0.00000307. We should also look at the Fibonacci Retracement Percents as potential retracement areas on our way up to a potential target of 0.00000505-0.00000925/ Long
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