BRDBTC Shaky cup and handleBRDBTC looks as if its setting up for a big move that has not been seen before, with the development of this cup and handle formation. Whether it will be a huge pump and dump i really dont know. Very shaky cup and handle, tea most likely spilt.
Breadcoin
Daily Bullish Signal $BRD $BRDBTC (14-10)#BRD (BRD/BTC)
Buy : 5900
Flash Sell : 6100
Short Sell : 6300
Long Sell : 6600-6900-7200-7500-7800
Stop : 5400
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Daily Bullish Signal #BRD #BRDBTC (28-09)#BRD (BRD/BTC)
Buy : 5100
Flash Sell : 5300
Short Sell : 5500
Long Sell : 6000-6500-7000-7500
Stop : 4800
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Daily Bullish Signal #BRD #BRDBTC (15-09)#BRD (BRD/BTC)
Buy : 5100
Flash Sell : 5300
Short Sell : 5500
Long Sell : 6000-6500
Stop : 4600
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Bread Coin Moving HigherBread coin has found the bottom at $0.4, where it has rejected the uptrend trendline cleanly. This could be the continuation of the long term uptrend, but for this at least one more confirmation is required.
BRD/USD is currently trading at 50 Moving Average, which could act as a resistance. But when price will close above it, BRD is very likely to continue moving higher. The nearest upside target is at 38.2% Fibonacci retracement level, that is $0.6. This resistance corresponds to the 2/1 Gann Fan trendline as well as previous levels of support and resistance.
If Bread coin will break above that resistance, it could trigger stronger moves upwards and potentially might result in price producing a new all-time high. On the other hand, break below the $0.4 support would invalidate bullish outlook and could send price lower.
