Panjang
BitBay Buy Trade Setup
After hitting the low at USD 0.0176, Bitbay went up, but not much. BAY/USD found the resistance at 23.6% Fibonacci retracement level that is $0.0338. There BitBay formed double top and rejected the 200 Moving Average.
Overall, resistance price is seen at recently formed spike, which hit $0.035. Keeping in mind that this could be the key resistance level, buying opportunity might present itself on the break above that level.
Daily break and close above $0.035 should trigger further growth, towards one of the Fib levels. First upside target is at 50% level, which is $0.052. Second resistance is at 61.8% Fibs, which is $0.06.
At the same time, if the current resistance will hold, price is likely to decline, down to the previous support at $0.017, thus forming a double bottom.
Overall, resistance price is seen at recently formed spike, which hit $0.035. Keeping in mind that this could be the key resistance level, buying opportunity might present itself on the break above that level.
Daily break and close above $0.035 should trigger further growth, towards one of the Fib levels. First upside target is at 50% level, which is $0.052. Second resistance is at 61.8% Fibs, which is $0.06.
At the same time, if the current resistance will hold, price is likely to decline, down to the previous support at $0.017, thus forming a double bottom.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.