At the 1 week chart it can be seen that a price touched long term support level. This level has been tested three times. Currently we can see double (triple) bottom was formed and indicators become bullish again. Stochastic, WPR and CCI indicate a good entry point, while RSI is neutral.
We can seen that each time a new growth wave starts when the price touches the global support level which coincide with Fib 1 retracement level. Here we can see a reapeat of this pattern.
Summary, BCN is recommended for the long term trade using the designed strategy. Buy zone, free target and the stop loss are drawn at the chart. Follow the updates for this coin and stay tuned
Sincerely,
SkyRock Signals team
We can seen that each time a new growth wave starts when the price touches the global support level which coincide with Fib 1 retracement level. Here we can see a reapeat of this pattern.
Summary, BCN is recommended for the long term trade using the designed strategy. Buy zone, free target and the stop loss are drawn at the chart. Follow the updates for this coin and stay tuned
Sincerely,
SkyRock Signals team
Trade active:
Free target and the buying zone
Wait till the price goes down to the buying range. Place a conditional order
/Users/poshte/Desktop/template.png
Wait till the price goes down to the buying range. Place a conditional order
/Users/poshte/Desktop/template.png
Comment:
imgur.com/9p4JHyE
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