Darkcoin Price Technical Analysis for 27/2/2015 - Higher Cling

Darkcoin Price Technical Analysis for 27/2/2015 - Higher Cling

Darkcoin price rose up earlier today to a high of 0.01232 BTC. This increase in price followed bitcoin's bullish rally which we noticed earlier today. Although the price rose above 62% Fibonacci retracement level, it dropped again below it an hour or so later. By examining the 1 hour Cryptsy (DRK/BTC) chart from bitcoinwisdom.com and plotting the 10 hour EMA (green curve) and the 20 hour EMA (orange curve) (look at the below chart), we can conclude the following: DRK price increased above the 10 hour and 20 hour EMAs right before the market's buying power pushed the price up to break the....


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