BCN analysis

Please, check the chart and let me know what you think. Everything depends on BTC moves so you always need to track the king as well.
Anyway BCN needs some good fundamentals. I can't believe how weak their marketing is. But i still think the current satoshi level is not a bad buy for any investor.

I'm not a financial advisor. Enjoy my point of view!

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Watch all the trend lines and supports i drew. I'd buy on confirmation.
Especially RSI closing above the resistance line on 3H, price closing above 50 and other lower EMA, MACD cross etc.. Be careful. This coin has been a gamble since the Binance issue. GL!

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Watching the MACD if it can hold the weight. RSI not looking good but i think it'll stay above the resistance and push higher. Original chart still in play. Weak feedback on BTC moves tho. It looks like we're already in the wave 3.
New update soon.

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The price is following the falling wedge. One of the weakest coins in top 30 is not easy to predict but i believe my original chart is still in play. Time and depth are hard to predict.

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The price action is till in the falling wedge. Slightly dropped off it.
Adding 1H screenshot. Not much to say.
Falling down off the wedge and reaching 71 satoshi will activate a lot of hodlers to make some heavy selling. 71 satoshi will also invalidate the impulse wave.
Anything can happen but i still think we're going upwards even tho this is a heavy retrace of wave 1.
In case of invalidation of the impulse wave i'd consider the action as a continuation of the correction and i'd redraw the chart.

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This is a little bit risky but i'm buying short term. Buying at 74, selling at BTC peak. Hoping for at least 7% profit short term.

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We have a bounce here. My quick 7% profit will be realised soon.

Trade closed manually

rekt

matoa

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matoa

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