A Price Breakout, Who Is Closely Watching The Price of Deep Onion?

If you have Deep Onion coins as part of your cryptocurrency portfolio, chances are you are checking the price daily. Don’t worry, you are just normal. Deep Onion has been profitable for many people for weeks now. It is only natural that they are excited to check the price daily to see if their investment has grown more as compare yesterday.

Some people equate price appreciation to the effort they put in the coin. The developers and moderators monitor Deep Onion prices to check if the projects they are doing and have launched have any effect in the market. It is common knowledge that most often, improvements in a coin translates to higher prices and any problems that surfaces in a coin leads to lower prices as traders and investors sell it.

If you trade cryptocurrencies, you will notice that Deep Onion has been trading in a range for weeks now. That range is between $0.50 and $1.00. Some traders have profited much in range trading Deep Onion. They buy when the coins hits around $0.50 and then sell near the $1 resistance. Short term traders are the ones who diligently monitor every price movement and volume that occurs in Deep Onion trading.

These long consolidation of price in a range almost always leads to major breakout upwards or downwards. Another group of traders called momentum traders are also watching close the price of Deep Onion. These traders will jump in quickly once they see a break of the $1 resistance or the $0.50 support. Some of these traders already have their buy and sell orders in place. Once the $1 resistance is broken, we could see a movement to test the all-time high near $5. Last November 15, this $1 resistance was broken with volume but the price retreated below $1 again the following week. Yesterday, the price again traded above $1.00 with good volume. From here on, it is mostly likely that we will soon retest the previous high of around $5.

If you find yourself checking daily the price of Deep Onion, rest assured that you are not alone. The Deep Onion price is having a good run, just sit back, relax and hold on to your Onions.

For more crypto related articles, you can follow me on Twitter: https://twitter.com/Lan2050 and on Steemit: https://steemit.com/@soldier100

Deep Onion in Bitcointalk
https://bitcointalk.org/index.php?topic=2006010.0

Deep Onion Forum
https://deeponion.org/community/

Deep Onion Airdrop
https://deeponion.org/airdrop.html

DeepPoints Activated - Introducing DeepPoints
https://deeponion.org/community/threads/deeppoints-activated-introducing-deeppoints.4926/

DeepVault FAQ
https://deeponion.org/community/threads/deepvault-faq.4057/