Just an idea. Since it doesn't booom now, leaving the wedge.
BCD Congestion incoming...big move up or down expected
Here we have BCD/BTC on the 1H chart. BCD/BTC appears to be rising after a corrective down move. Price has recently been trading within a rangebound structure between horizontal resistance at 0.0050 and a support zone at 0.0041. Price is picking up 6% yesterday (01-30) and 19.76% today since then it has been having more upside on the hourly chart. I am...
CHARTS LOOK GOOD. MACD indicator in 4h frame shows bullish signals. price is at the bottom - support - line. fast growth is expected in coming days.
watch out the chart.my description is on it :) if you like my analysis follow or comment or like me :)
if it not leave the red channel it will want to decrease to 0,003456. if it leaves the channel first it will try the green zone, then 0,008186.
It's just an idea of possible cup and handle BINANCE:BCDBTC . Price can continue to go down or can stay at this price range.. Again one more time it's just an IDEA not a sure analysis.. But i think we are at the end of BCD correction (but Global crypto correction is not finish) and the big sell wall have been completed so why not.. if we have a good volume in...
We can clearly mark Impulse waves and ABC correction. From this point if red trend line is breached upwards, we may start another wave. Beware of any price drop below 0.005
Based on Fibonacci Levels, here are the support and resistance levels. I am expecting to touch 0.0053 zone before any up movement.
BDC/BTC - BINANCE 30Min Chart Just wait for breakout..
I don't completely believe it, but anythings possible, especially in this doomed market lately. This could be the one that pulls us back up to seeing the coins that were doing 100-300% per day in gains. Maybe it will kick start us. Maybe it will die off. I have no idea. But I have hope!
The ichimoku cloud is extremely thin for bcd indicating limited support with low volatility. Just looking at the previous pumps which also display similar thin clouds I think it is most likely that the price will go under the cloud for now as resistance begins to build above it. Failure to break this resistance will see the price pushed downwards farther.
Based on this, BCD might go up even more