Bytecoin has been in correction for long time and now we see smart mony and posetive reaction on this cryptocurrency.
it has broke the resistance, the trend and exit como cloud.
Lookfor a position in 4 hour time and go long.
Good luck.
Look at this chart.
1-Bytecoin is in a ascending channel.
2- it break key level resistance (0.0085-0.0095) and now we have pullback on it.
3-weekly time frame show bearish but 4 hours and daily chart shows bullish.
don't forget money management
drop like to give us energy
Cycle is going to be repeated.
It's high volotility high profit potential coin, great place to buy some.
It's not a financial advice.
Trade carefully and good luck!
Bytecoin has both a Hardfork and Testnet release scheduled for August. RSI is very oversold on the daily and weekly timeframe.
Buy: 0.00000050 - 0.00000053
Target 1: 0.00000059
Target 2: 0.00000078
Target 3: 0.00000107
Target 4: 0.000000127
Stop Loss: 0.00000039
