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BRDBTC

Volume precedes price w/ Bread Token (BRD) Volume precedes price w/ Bread Token (BRD) With many signs pointing towards a bullish cycle for altcoins (ETH/BTC strength, BTC dominance breakdown, DeFi fever, NASDAQ mania etc.), it's important to look for clues on the chart that point towards an asset being ready to move. Otherwise you risk sitting in a stagnant position through a multi-week bull cycle, suffering from an unnecessary opportunity cost. This can also lead to emotional decisions, ultimately exiting said position late to chase an exhausted pump. Either way it's not an ideal way to make money in a hot market. Generally with a market wide rally (if we get one), most or all assets end up seeing juicy gains. But how do you pick which ones to trade? Volume analysis is an excellent tool when sifting through a series of bullish charts. Volume often precedes price, and in the case of BRD, you can see a significant up-tick in volume that marked the low, and a large influx of volume that followed up shortly after. Confirmation of bullish market structure in addition to a bullish divergence confirming on the daily, makes this a high probability bottom formation that has now dipped back down into optimal long location (.618 retrace of move off the low). There are a lot of really good looking altcoin charts. From your short list, look for the ones that show evidence of buyers stepping in, using the volume indicator. In combination with the rest of your TA tool belt, this can be a key differentiator when selecting which trades to take. What assets do you see that are showing large influx's of buy volume with relatively little price movement? Comment below and we're happy to put together a full chart analysis.
BLong
by HxroLabs
1
LONG - BRD - Trading OpportunityAfter 6 months BINANCE:BRDBTC has finally managed to break above the MA50 on the daily chart, after it beautifully retested it we are expecting this to go a really long way. Entry: 0.00001325 Target 1: 0.00001746 Target 2: 0.00001990 SL: 0.00001186 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
BLong
by ElMomento
Bread Bounces After New ATL (4H + Daily Timeframe)BRDBTC (Bread) just produced a strong bounce after hitting a new All-Time Low. Prices jumped back above EMA10 and produced a bottom pattern. BRDBTC Daily (D) When looking at the daily timeframe, the chart below, we can notice really high volume yesterday. There is also a strong bullish divergence with the MACD (purple dotted line). ---- The next target is marked with a magenta dashed line (MA200) on the chart above. I also marked our stop-loss. What happens next? If prices remain above EMA10, green line, we can see the bullish scenario develop (green arrow). Breaking below EMA10 can easily send prices lower, but we remain bullish after the drop as long as the weekly candle closes above ATL. Thanks a lot for reading. Namaste.
B
by AlanSantana
2