The cryptonight tokens have been characterized by their sudden corrections the Bytecoin is no exception being the second strongest cryptocurrency of the company cryptonight has given much to talk about due to the change in their prices from one day to another.
Exactly 5 days ago I made a TA of the same which was successful, where it was in an evident correction but that possibly tended to a cup formation with handle. Which in the last hour has just confirmed, attach the link of my previous publication so they can corroborate.
Although right now he is forming the mango, his price should still rise somewhat so that his training ends, which opens up a very clear gap for all those investors who like fast-trading or short investment, since to respect the patterns In the middle of Tuesday or Wednesday it is at the maximum of its price and then fall a bit and look for new supports.
As you can see in the image above, it is now in the middle of the mango formation (In white lines you can see the rate formation, and the small red line is the route it should have before its correction). So it is expected to continue rising in the next few hours.
As usual, I will leave my investment parameters to all those who enter the world of trading.
Investment parameters:
- Buy now at: $ 0.012204
- Maximum loss before withdrawing the investment: $ 0.011000
- Maximum profit to withdraw the investment: $ 0.015000 - $ 0.016000.
- Maximum period: 3 to 4 days.
Additional tip: Do not invest if you need money in the short term; my analysis is an approximate prediction, therefore,
I can delay it or anticipate it. If you want a much more complete accessory and with strong arguments, you can consult me through Discord: @ Alejandrofz95: # 6951
Disclaimer, I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.