good time to enter on bytecoin/ethereum
After being overbought and oversold in the past day or so, the price is approaching the lower shade of the first or second candle, depending on which time frame you are looking at it. An ascending triangle has formed. The 20 day and 50 day ema are about to cross, leading me to believe there will be a second rally (second elliot impulse wave). If we look at the TDI we can see how the green is about to cross the red line again and the main price movement is going back up. The RSI stochastic shows that it will go up a bit again, then probably drop a little more until it touches the support and from there if will fly. Volatility is low, normally after very low volatility it explodes. On the ADX DI we can se how the red and the green keep crossing and the trend strength in whichever way (uptrend or downtrend) is loosing strength. It's a moment of consolidation, from which it will explode. Time to buy !
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