💎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 ...
I told you about Bitcoin Diamond (BCDBTC) recently... Here is a friendly reminder.
BCDBTC just broke out of falling wedge and printed high volume when moving above EMA10.
Prices fell below EMA50/EMA100 just to come back up with force...
This is only the beginning, Bitcoin Diamond can do much more.
We can easily see 100%+.
With the price setting higher highs, looks like a great opportunity to go long.
The trend line is being respected for the third time now, and most likely to follow it as the uptrend has been set.
BUY: 0.00007300 - 0.00007400
SL: 0.00006518 (Below the trend line)
Thank you for reading, hope you have a good day!!
Bitcoin Diamond (BCDBTC) looks ready to grow now that a long correction is over.
We saw prices declining since July 20, when a peak was hit.
After seeing only bearish action, now we have a break above EMA10 with strong volume and indicators.
If BCDBTC can close above MA200 and EMA200, expect strong/fast growth to take place after.
Conditions for change
-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...
Bitcoin Diamond (BCDBTC) already took off and hit a new high compared to February 2020... This is good news for the bulls/green side.
Prices hit a new All-Time Low in late Dec. '19/early Jan. 2020, see the close up below:
With prices trading above EMA10 weekly and strong trading volume coming in... This chart is setting...