Out last BCDBTC forecast is still active so we decided to analyze BCD against USD.
On the chart we indicated (boxes) active balances.
As we seeing, the structure of boxes - descending.
At the moment the price reached daily support area 0.65-0.69, but to start buying we need confirmation.
How to see it? We need at least one past balance to be canceled, and the new balance must goes up.
Until this happens, it is risky to enter the purchases, as the probability of price reduction remains high.
Buy: 0.7590-0.7600 (after breakout 0.78)
Take Profit1: 0.84
Take Profit2: 0.90
Take Profit3: 0.96
Stop loss - indicates on the chart
Priority: Bear initiative
On the chart we indicated (boxes) active balances.
As we seeing, the structure of boxes - descending.
At the moment the price reached daily support area 0.65-0.69, but to start buying we need confirmation.
How to see it? We need at least one past balance to be canceled, and the new balance must goes up.
Until this happens, it is risky to enter the purchases, as the probability of price reduction remains high.
Buy: 0.7590-0.7600 (after breakout 0.78)
Take Profit1: 0.84
Take Profit2: 0.90
Take Profit3: 0.96
Stop loss - indicates on the chart
Priority: Bear initiative