There is a probability of first tp to the proposed ( 0.50 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: BCDUSDT Waiting for the Range Bound and the beginning of the Ascension Trend.
This is an Analysis for Bitcoin Diamond on a Monthly timeframe including both the USD and BTC pairs
On the left (USD pair) a test of the middle band can be seen, this will likely be a point of support for bulls, as seen in the past
On the right (BTC pair) a test of the bottom band can be seen, I have included a sketch of how I think the channel will play out...
Coin from a shady past, but currently reforming a healthy community.
Besides that - all we need to know for this trade is in the chart.
- After a years-long descending wedge, paired with raising volume (bullish divergence), price broke out and retested, forming a smaller wedge
- RSI is forming higher highs on lower timeframes despite price has registered other...
Bitcoin Diamond price right now is $ 2.78 with a 24-hour trading volume of $ 8.24M, market cap of $ 518.45M, and market dominance of 0.02%. The BCD price decreased -1.06%in the last 24 hours.
Bitcoin Diamond reached its highest price on Nov 25, 2017 when it was trading at its all-time high of $ 109.42. The lowest price since it's ATH was $ 0.253484 (cycle low)....
BCD still respecting the previous ABC corrective wave pattern. Seems to have found a nice upwards trend line.
Could be looking at a bullish break out.
Targets based on previous areas of resistance.
BCD looks pretty strong here. BCD is still one of the actively traded forks along with some other Bitcoin forks which have been going down for quite some time. But BCH has started doing well and overall forks could follow BCH as it goes up due to its Paypal + Venmo listings. BTG has done extremely well, so why wouldn't BCD do well too. The structure looks very...
The Altcoins market has been performing really good in the past few months.
We have been seeing some bullish action in magnitude that we have never seen before... Guess what?
There is more.
BCDBTC (Bitcoin Diamond) is still at its low, bottomed out basically, with its price just recently starting to grow.
We can see its price moving daily above MA200 and...
We just looked at Bitcoin Gold (BTGBTC) and the chart looks pretty good, prices are moving higher.
The same can be said about BCDBTC, Bitcoin Diamond.
Here we have bullish momentum building up above the EMA50 magenta line.
The MACD is showing a bullish cross and now moving above zero, sending out a strong bullish signal.
The RSI is super strong above...