-Bread coin tested the previous key support at 1000 range
-The price recovered by more than 20% increase
-We can also see a Bullish RSI divergence
-This is an indication that the selling pressure has decreased
-If this will be a potential Double bottom reversal
-The initial upside target is up to the recent top 1600 sat
-We don't want to see this coin...
I'll keep it simple here :)
12M Mcap Binance IEO with active team that hasn't pumped yet;
Entire price action range is one giant falling wedge;
Bullish RSI divergence on weekly and daily;
Bullish MACD crossover on daily;
stop-hunt wick - done ;)
Today I want to share a coin for the medium-term trade.
- Trading volume is growing
- In accumulation zone
- Reversal pattern
- Increased by 30% from the bottom
- Low cap
Best regards EXCAVO
Volume precedes price w/ Bread Token (BRD)
With many signs pointing towards a bullish cycle for altcoins (ETH/BTC strength, BTC dominance breakdown, DeFi fever, NASDAQ mania etc.), it's important to look for clues on the chart that point towards an asset being ready to move.
Otherwise you risk sitting in a stagnant position through a multi-week bull cycle,...
Entry: 1410-1300 (8% buy zone)
TP: 1590, 1830, 2450
Technical analysis: Breakout from a huge downtrend since late 2019
Capitulation volume at 1030 sats level
Since Capitulation bottom, it's nicely uptrending on Daily TF.
Confluence of diagonal uptrend + horizontal Support at 1290 level.
Spike up in buyers volume since yesterday at 1290 level