BCN is in an extremely bad position and shouldn't buy anymore. The best buyzone of BCN is 5sts, current price is 14sts It seems that the lack of informations on price leverage has made BCN become gradually weak and disappear If BCN has a bull-run in the future (low rate), the price target should be 20sts and 41sts
please update, it seems has figured out from a falling wedge
bsbcrypto
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Your TA is still spot on. Now that we are at your buy zone, still recommend buying?
CryptoStation
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@bsbcrypto, I will check it carefully before make new analysis for BCN
bsbcrypto
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@CryptoStation, Ok. I know there other factors to be considered like BCN being traded mostly only on Poloniex, but even there it is really low on daily volume. Moreover, Poloniex is leaving US, so BCN trading will probably shrink even more. And finally there is the fact that Poloniex is delisting many low volume trades. This could me the final nail for BCN.
CryptoStation
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@bsbcrypto, actually I think we should believe in the brighter coins than the coins have no bright future! :) I will help you to make new analysis for BCN and hope it can help you