💎Technical Analysis Summary💎
-Bitcoin Diamond is on a strong downtrend
-The next key level below is around 4400s sat area
-I have drawn a potential descending channel
-The idea here is to buy the breakout of the channel
-And the upside target is up to 5700s sat or higher
A big Thanks for donating 💰 via Tradingview coins this week to ...
-This coin has decreased its value by over -44% from the top 12k sat
-The current market price is located at no strong support level
-The next important area of support is located around 6200 range
-This level is a confluence of previous support and resistance
-The chances of a strong bounce reaction in this region is high
-Keep an eye of this zone and...
BCD is somewhat acting the same with BTG, both coins pump so hard sending the RSI to hit the overbought conditions on a single candlestick.
BCD also manages to break 200D MA key resistance which indicates strong buying pressure. But let's not forget that during its strong uptrend,
no significant support is built in between. Don't be surprised the price...
Priceline of Bitcoin Diamond / Bictoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00006042 to 0.00005892
Sell between: 0.00006158 to 0.00006440
Atif Akbar (moon333)