#Accumulation_Recomendation Pair : #BCPT / #BTC RSI : 46 Note :#BCPT got listed on Binance and is on fire on the daily time frame chart. This will make it form a bullish engulfing candle stick on the 1D chart and will be in a 3 to 5 elliott waves. For now MACD and RSI seems to be on the bulls side and looks perfect for a reversal upward trend formation and EMA[20] is trying to establish a good bullish formation too. The close of the current candle will be a good confirming point for entering the market but will surely see a little bit price move downwards for a good bullish establishment. Accumulation Area : 645 sats - 690 sats Distribution Area Short Term: Target 1 : 729 sats Target 2 : 753 sats Target 3 : 796 sats Target 4 : 826 sats Target 5 : 864 sats Mid Term: Target 6 : 907 sats Target 7 : 981 sats Target 8 : 1092 sats Target 9 : 1233 sats Stop Loss : 590 sats Risk : High Capital Accumulation : 4%
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.