KoreCoin recently broke to an all time high - not surprising considering the technology behind it. KoreCoin is poised to be a decentralized Skype with anonymous VoiP, messaging, and transactions. If you are interested in KoreCoin I advise you to research its technology, as this will just be an analysis based on what I see from the chart.
KoreCoin made a healthy pullback to the .786 fib retracement level after its breakout. This is expected, and rebounding off this level ensures that it is still in a bullish trend.
KoreCoin is currently at .00060500, and short term it will bounce in between .000583 and .0007 (50% & 61.8% fib retracement levels)
A buy order should be placed in between the 61.8% and 70% fib retracement levels, which would be around .00055-.0006.
The first resistance level would be at 50% fib retracement. Any break above this level could easily lead to a new ATH.
