BCCOIN Price Update: Don't Miss This!
Hello Traders,
I hope you all are doing well.
Previously, I mentioned BCCOIN, and those who invested in this project saw significant profits as the price rallied from $0.57 to $3.7—a 550% gain in just 3 days.
Now, here's another analysis on a shorter timeframe. For those who missed the previous gains, you’ll want to pay close attention.
BCCOIN has formed a parallel channel in this 4-hour timeframe chart, and the price is currently holding the middle channel as support. BCCOIN must break above the parallel channel and the 50 EMA to continue the bullish rally. Supporting this move, the RSI is forming a bullish divergence pattern.
Once the breakout is confirmed, it could easily target the previous local high of $3.7.
On the downside, if the market turns bearish, $0.646 is likely to hold as strong support for BCCOIN.
Trading Strategy:
- Entry 1: CMP
- Entry 2: Around $0.64.
- Target: $2.5-$3.7.
Note: This is not financial advice. Please do your own research and analysis before investing.
Regards,
Team Dexter
I hope you all are doing well.
Previously, I mentioned BCCOIN, and those who invested in this project saw significant profits as the price rallied from $0.57 to $3.7—a 550% gain in just 3 days.
Now, here's another analysis on a shorter timeframe. For those who missed the previous gains, you’ll want to pay close attention.
BCCOIN has formed a parallel channel in this 4-hour timeframe chart, and the price is currently holding the middle channel as support. BCCOIN must break above the parallel channel and the 50 EMA to continue the bullish rally. Supporting this move, the RSI is forming a bullish divergence pattern.
Once the breakout is confirmed, it could easily target the previous local high of $3.7.
On the downside, if the market turns bearish, $0.646 is likely to hold as strong support for BCCOIN.
Trading Strategy:
- Entry 1: CMP
- Entry 2: Around $0.64.
- Target: $2.5-$3.7.
Note: This is not financial advice. Please do your own research and analysis before investing.
Regards,
Team Dexter
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