If you guys saw my Steemit post yesterday I showed that KoreCoin was on the verge of breakout. I did not know this would happen so quickly, but here we are at .00095000!!
I decided to update my analysis to see if this breakout was over. I think that we are just getting started.
The first indicators I looked at were the candlesticks. We are still in a bullish trend, considering the breakout candle became a support line and has not been broken. This candlestick is also at the 38% fib retracement level. Using this line as support is a strong indicator that the uptrend has not been broken, and it is a healthly pullback before a continuation.
I also looked at the MACD (5,34,5) and saw that there is divergence, indicating a further breakout.
On the Stoch RSI K is crossing over D, another bullish indicator that this will go up.
This breakout is not done, I think a good buy is in the .0009000-.00092000 range, and expect to atleast test the ATH of .0012000.
If the .012000 level is broken, expect this thing to go to the moon.
