#BCN - History repeating itself?
If we take a look at the previous movement we see that we are currently in a mirror like situation as seen before.
- We clearly see a divergence in the past between the TK and KJ
- We clearly see a divergence downward from a red kumo
What I think will happen:
- We are sitting on a resistance line according to the volume profile (>40 SATS). If it holds, we will linger around this level and gradually pick up and creep closer to the bottom of the red kumo.
Things that will make me excited and prompt action:
- TK cross KJ
- Breaking 56 SATS
- RSI leaving the oversold range
- Double MACD cross where yellow line crosses upward
The above mentioned indicators IN ADDITION TO increased volume with the increase in price would provide me a bit more confidence in sustainable growth.
Assuming the lack of upcoming news quite similar to the Binance listing, I would presume this to linger in the couple month range for the star of the consistent upticks.
- We clearly see a divergence in the past between the TK and KJ
- We clearly see a divergence downward from a red kumo
What I think will happen:
- We are sitting on a resistance line according to the volume profile (>40 SATS). If it holds, we will linger around this level and gradually pick up and creep closer to the bottom of the red kumo.
Things that will make me excited and prompt action:
- TK cross KJ
- Breaking 56 SATS
- RSI leaving the oversold range
- Double MACD cross where yellow line crosses upward
The above mentioned indicators IN ADDITION TO increased volume with the increase in price would provide me a bit more confidence in sustainable growth.
Assuming the lack of upcoming news quite similar to the Binance listing, I would presume this to linger in the couple month range for the star of the consistent upticks.
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