damoredoo

#BCN - History repeating itself?

POLONIEX:BCNBTC   None
If we take a look at the previous movement we see that we are currently in a mirror like situation as seen before.
- We clearly see a divergence in the past between the TK and KJ
- We clearly see a divergence downward from a red kumo

What I think will happen:
- We are sitting on a resistance line according to the volume profile (>40 SATS ). If it holds, we will linger around this level and gradually pick up and creep closer to the bottom of the red kumo.

Things that will make me excited and prompt action:
- TK cross KJ
- Breaking 56 SATS
- RSI leaving the oversold range
- Double MACD cross where yellow line crosses upward

The above mentioned indicators IN ADDITION TO increased volume with the increase in price would provide me a bit more confidence in sustainable growth.

Assuming the lack of upcoming news quite similar to the Binance listing, I would presume this to linger in the couple month range for the star of the consistent upticks.

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