Bytecoin has been going down since the 01/06 almost 100 satoshis mark. It was a long way down until the heavy resistance at the 35 satoshis starts to push it back up. As we can see, there's a possible reversal on the MACD, so now it might be a good time to long it. The stochastic RSI also shows some signal of buying strength increase.
Commento:
Be aware though that if the 35 satoshis resistance doesn't hold, it might try to test the 17~19 very heavy resistance. So, for educational purposes only, if you'll long it, you might put a stop loss just below the 35 resistance.
Commento:
The 35 satoshis support (sorry for the wrong terminology before) is still holding, even after almost one week. Therefore, we might still see the reversal.
Commento:
And we're back at the 35 satoshis. Maybe now it will reverse the trend.
Trade chiuso manualmente:
I closed my trade at 48 satoshis.