XBCBTC

XBCBTC

PAIRR: XBCBTC

After 173% profit was made with a spike in price to 0.011btc, price has dropped down back to it initial support level which it has been maintaining for some time now. Currently forming a falling wedge.

An opportunity calls to take a position as it the strong support level. Price still ranging within the price in the green box, a breakout down will move price to reach the strong support level as the wedge gets completed.

On the daily chart, a bearish move down as the upper band is following the lower band as it moves down with a signal to stay out of the market until a support is found.

Technicals suggests that price is still bearish looking at it current move, with a strong support zone at 0.0039912sats.

VERDICT:

BUY: from its current price (0.00442713sats) down to 0.003991243sats

SELL:0.0113sats

STOP LOSS: 0.0031826

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

 

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