BitCrystals (BCY) has been going down since it reached all time high back in September 2016. Now that it broke-out of a downtrend for more than a year, the potential is huge. An entire year is a lot of time going down, just this one signal can be enough for a long hold trade. But there is more, much more.
Let's look at the trade instructions first and then we can move to indicators.
- CNS Trade Analysis for BitCrystals (BCY) *
Instructions
Targets:
(1) 0.000243
(2) 0.000343
(3) 0.000503
(4) 0.000603
(5) 0.000757
Stop-loss: 0.00008650
Indicators
Ok, now we can take a closer look.
- On the daily chart you can see a small breakout today and all the indicators showing bullish signals. That's 5 different indicators.
- Short term we will always have huge swings, just like you would have huge swings if you look at the 5 minutes charts. We will go up and down on the daily chart , but on the weekly chart, we are looking really strong.
- The weekly chart is showing all the indicators turning bullish , MACD , RSI , STOCH , DMI & OBV, and plenty of room for growth as well. This is the type of chart we like, with plenty of room for growth.
- Low trading volume is also a signal of plenty of room for growth.