Bytecoin possible reversal
Updated
Bytecoin has been going down since the 01/06 almost 100 satoshis mark. It was a long way down until the heavy resistance at the 35 satoshis starts to push it back up. As we can see, there's a possible reversal on the MACD, so now it might be a good time to long it. The stochastic RSI also shows some signal of buying strength increase.
Comment
Be aware though that if the 35 satoshis resistance doesn't hold, it might try to test the 17~19 very heavy resistance. So, for educational purposes only, if you'll long it, you might put a stop loss just below the 35 resistance.Comment
The 35 satoshis support (sorry for the wrong terminology before) is still holding, even after almost one week. Therefore, we might still see the reversal.Comment
And we're back at the 35 satoshis. Maybe now it will reverse the trend.Trade closed manually
I closed my trade at 48 satoshis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.