The priceline of Bread / Bitcoin Cryptocurrency has formed a bullish shark pattern.
RSI is oversold.
The price action is entered in potential reversal zone even giving spike beyond the the PRZ area and hitting at pivot 1st support.
From here the price action will move up to hit the sell targets insha Allah.
The targets are:
Buy between: 0.00004700 to...
Updated on $BRD.. Reaching resistance again at ~6800 sats. Potential Inverse H&S pattern in play...
UCTS Flashing a buy signal on the daily..
RSI rising while MACD about to bullcross.
Volume is extremely low for now so be careful.
update on $BRD, Rejected at resistance retested support succesfully and now pushing again up... Potential Inverse H&S pattern in play.. (do you agree?)
Every movement happening at really low volume levels, I would like to see something like what happened on end of March...
$BRD Reached resistance level at ~6800sats...
UCTS Buy signal on the 12H (20% up)
Flipped R into S at 6100 sats
Volume looks low...
If it fails to hodl current level (Trendline), a retest & bounce from support can lead to an inverse H&S but for now its too soon to know!
It is easy to get caught by certain bullish moves, as beginners, and this Bread (BRDBTC) chart is a great example.
Here we can see a strong bounce and break above EMA10 and MA200, which looks very promising and can prompt someone to enter and trade, but there is more to this chart than the EMA10 break and strong bounce.
If you look a bit closer, you can see that...
Bread (BRDBTC), which can be traded on Binance, it is starting to creep up silently...
We can see two really big volume bars in the past two weeks (all the way to the right below the candlesticks).
EMA50 has been broken (magenta line) on the daily time frame, this is normally a really good signal.