BitBay Buy Trade SetupAfter hitting the low at USD 0.0176, Bitbay went up, but not much. BAY/USD found the resistance at 23.6% Fibonacci retracement level that is $0.0338. There BitBay formed double top and rejected the 200 Moving Average.
Overall, resistance price is seen at recently formed spike, which hit $0.035. Keeping in mind that this could be the key resistance level, buying opportunity might present itself on the break above that level.
Daily break and close above $0.035 should trigger further growth, towards one of the Fib levels. First upside target is at 50% level, which is $0.052. Second resistance is at 61.8% Fibs, which is $0.06.
At the same time, if the current resistance will hold, price is likely to decline, down to the previous support at $0.017, thus forming a double bottom.
BAYUSD
BITBAY failed wedge channel breakoutBAYUSD broke out of initial wedge, pulled back and made new low so we now have a new wider wedge by readjusting the top wedge trendline. it appears to have already made a flag and broken that as well. now testing the breakout. most probably going to continue down further to our target entry level around 1c usd. if the break retest fails again then we should see an impulse move down
Big volume spike on $BAYAm thinking $BAYBTC should at least be able to test the old highs 3000 satoshi about a 140% move up from current price.
This coin has survived really bad trials from its birth great developer. www.bitbay.market
LONG BAYUSD SHORT TERM (this month)Web wallet + hardfork, all coming this month + forming a pennant + STOCH bullish crossover + even had a bigger pump on its news
