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BCNUSD

Possible Short Term UptrendH Everyone, Was going through my chart setup for BCN, and noticed a potential uptrend on the daily chart. Both RSI and Divergence are showing an uptrend, with RSI showing 3 potential resistance levels that have to be broken. (46.28, 54.50, and the 58.02) With some heavy volume, we might see a nice upside short term. We are still in a downtrend on the monthly chart. RSI has to test the 40 level before we can see confirmation of an uptrend. Let's buckle our seat belts, and see what happens...
BLong
by estarks02
Bytecoin is not strong enoughBytecoin recovered some ground yesterday but today has been retreating almost 50% of the recovery moving close to $ 0.006. After having found fund at $ 0.005053 the pair tried to look for the Fibonacci Retracement of 50% but the buyers did not have enough momentum and the price stopped just before touching the 200-EMA, at the moment the pair is being sustained by the centerline of the Bollinger bands as the volume drops and stochastic points downwards in a clear sign of buyer fatigue.
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by Forex_Academy
How to deal with binance?Well, I did not expect such a great downmove since binance listing to be honest. But there are some things to be discussed: 1. The price is near at the breakout zone before binance listing 2. nevertheless there are a lot of improvements since then such as binance listing itself and the VPN partnership with trustzone 3. fundamentally bcn is a lot undervalued at the moment looking at the facts, at 26th may there will be a new roadmap updated 4. coming from stock trading i used fibonacci a lot as you can see in the chart, due to fibonacci a movement corrects at least to 23.6 which is about 0.22Cents depending on Bitcoin price 5. the first binance price was 0.0001 but on a very low volume, nevertheless we should take that chart for granted, there is some potential to move up the fibonacci letter...
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by Richart
Bytecoin is the 'loser' of the dayBytecoin is a true “loser” of the day from the top 20 as it declined 11.71 percent in the past 24 hours. Nevertheless, bulls seem to take the initiative in their hands as the managed to move BCN/USD higher and the currency pair is above the descending local trend line currently. Bytecoin is above the support area at 0,0100. BCN price is below the Ichimoku cloud as well. The possible scenarios for BCN/USD are the following: 1. The currency pair will develop its progress until the next resistance area at 0.0111 where the resistance line coincides with the lower border of the Ichimoku cloud. If bulls are able to cross them both, BCN/USD will have a chance to go towards the next resistance area at 0.0124. 2. Bytecoin will reach the next resistance level at 0.0111 and jump off it (or start to decline from the current levels). The next support area is 0.0100. The currency pair will meet the descending trend line there. 3. Bytecoin will stay close to the current levels with no significant fluctuations. Bytecoin is above the ascending trend line as bulls are still in control of the situation. However, BCN/USD arouse the suspicions as its fluctuations currently are similar to “Pump&Dump” strategy. Check the full crypto analysis HERE
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by CryptoComes
Bytecoin still heavily long Wuuuh that was a tough surge on Bytecoin. BCNUSD reached about 0.25 in Binance yesterday and about 0.03 in Poloniex and HitBtc. At the moment there is a lot of dust and FUD spread wheather it was a scam or something like that. My recommendation: do not listen to these people and take a look at the facts: - network was heavily overloaded because nobody has expected such a great rise in price - a lot of people tried to withdraw there coins to binance which heavily overloaded the exchanges - CoinMarketCap has NOT delisted Bytecoin, it simply has difficulties to count a real price due to price differences in exchanges, but these differences are nearly vanished atm + Bytecoin is listed on Binance! + we have a heavy trading volume right now and in future + Bytecoin has risen at least a 100% atm + there is a lot more interest now in the project and some kind of FOMO which is always good for price rise + Bytecoin team is working hard on fixing everything So make your own choice. For me Bytecoin still is the Buy of 2018 and will rise again soon. On the technical site the target still is around 0.08 ( take a look at the chart)
HITBTC:BCNUSDLong
by Richart
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