BCN/USD + 27%!!! What's Next?????

Bytecoin added over 27 percent in the past 24 hours being the leader of the Top 20. The currency pair is still in the downtrend but shows some signs of a reverse. However, such huge fluctuations may be due to lower liquidity.
Let’s have a closer look at the Hourly chart as the price is within the Fibo retracement graphic tool. The currency pair has crossed the red descending trend line on Monday and jumped over several resistance areas and retracement levels. Let’s see what are the perspectives for BCN/USD in the next 24 hours:
1. Red scenario (bearish). BCN/USD will develop its local downside move targeting the following levels and areas 0.382 and 0.5 (the last one coincides with $0.0061 support area). If successful, bears will be able to push BCN/USD even lower.
2. Orange scenario (neutral). The currency pair will move towards 0.5 retracement level and jump off it targeting 0.236 retracement level, which coincides with $0.0067 resistance area.
3. Green scenario (bullish correction). BCN/USD will jump over 0.236 retracement level, which coincides with $0.0067 resistance area and run higher, towards 0 retracement level.

Check the full crypto analysis HERE>>>.