Market Cap:
$0.00
24h Vol:
$0.00
BTC:
$0.00
ETH:
$0.00
COV:
$0.00

BAYBTC

PAIR:BAYBTC

With an ATH of 0.00003069sats(4th of Jan 2018)BITBAY dropped down to 0.00000453sats(24th of march 2018).BITBAY (BAY) has gradually recovered some percentage.
With its current price move, The bear trend for BAY is potentially nearing its end. The status of any nascent trend can be determined using Ichimoku Cloud, Divergence and Chart Patterns.
 THE BULLISH HIDDEN DIVERGENCE:
This occurs during a correction in an uptrend when the oscillator makes a higher high while the price action does not as it is in a correction or consolidation phase. This indicates that there is still strength in the uptrend and that the correction is merely profit taking rather than the emergence of strong selling and is thus unlikely to be last long.
Thus, the uptrend can be expected to resume.
PRICE : HIGHER-LOWS
OSCILATOR(RSI) : LOWER-LOWS

 THE CHART PATTERN

PENNANT FLAG PATTERN
Always the small symmetrical triangle on top of a pole withe descending volume. Also expecting a possible GOLDEN CROSSING,the 50 over the 200 EMA at the red zone.
The flag pattern still stands with its rule, only when price has broken out of the flag and close that will trigger a buy signal. AS SHOWN BELOW:

Lastly the ICHIMOKU CLOUD SET UP.

cloud open,TK bullish crossing below the cloud. Price is currently in the cloud and has closed, more consolidation inside the cloud is expected as TENKAN (blue line) goes more inside the cloud and will serve as a support for the price before an EDGE 2 EDGE trade will be achieved. The is high probability that when price enters the cloud and closes inside it, it will move to the upside .

While the oscilator( stochastic RSI) is oversold and crossing back the 20 to the upside.

Technicals suggest a move from a definitively bearish trend to a nascent and subtle bull trend( as the ichimoku setting turns bullish)

VERDICT:

BUY: 0.00000926sats(the breakout price)

SELL: 0.00001003sats, 0.00001197sats,0.00001525sats up to 0.00001768sats

STOP LOSS: 0.00000688sats

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$COV HODL