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.
If the resistance 0.00094667 can be broken with great power, in the first TP we will see the price of 0.018 and at the end of 2021 we will see the extraordinary price of 0.051.
(Due to the strength of the BCN project, I suggest you buy and hold this currency)
If BCN will follow DOGE, then there is a nice profit to be made.
Both were behaving pretty similar around the last BTC bullish (January 2018).
DOGE previous ATH was 0.01869 USD (07 Jan 2018). BCN peaked around the same time at 0.01772 USD (06 Jan 2018).
DOGE latest ATH is 0.4377 USD (16 April 2021) resulting in a 23,41 X off the previous ATH.
So if BCN were to...
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