Bytecoin daily chart analysis (BCNUSDT-Long)Bytecoin has been in correction for long time and now we see smart mony and posetive reaction on this cryptocurrency.
it has broke the resistance, the trend and exit como cloud.
Lookfor a position in 4 hour time and go long.
Good luck.
Bcnethereum
There is a possibility for the beginning of an uptrend in BCNETHTechnical analysis:
. BYTECOIN/ETHEREUM is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000880 to 0.00000770). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000880)
Ending of entry zone (0.00000770)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00001050
TP2= @ 0.00001250
TP3= @ 0.00001750
TP4= Free
There is a possibility for the beginning of an uptrend in BCNETHTechnical analysis:
. BYTECOIN/ETHEREUM is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000880 to 0.00000770). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000880)
Ending of entry zone (0.00000770)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00001050
TP2= @ 0.00001250
TP3= @ 0.00001750
TP4= Free
