Good evening steemians.
Tonight we analyze OST, at the moment it has a 2449 satoshis value, it has just broken down an uptrend line and got close enough to an important support.
When we see the 4 hour chart, we see that we are near a main support at 2355 satoshis. When applying fibonachi we see that it is between levels 50 and 61.8%
Observing the indicators the stochastic is oversold and the rsi is close to level 30, an interesting option would be to wait for the 61.8% level of fibonachi to be tested and the sthocastic and rsi to be below 30.
When we see the 1 hour chart, we see that the 61.8% level almost matches the main support at 2355 satoshis.
By looking at the indicators the stochastic is oversold and the rsi is close to level 37.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
