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Byteoinmonero

A trading opportunity to buy in BCNXMRTechnical analysis: . BYTECOIN/MONERO is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0000182 to 0.0000154). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000182) Ending of entry zone (0.0000154) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000223 TP2= @ 0.0000263 TP3= @ 0.0000292 TP4= @ 0.0000343 TP5= @ 0.0000445 TP6= @ 0.0000612 TP7= @ 0.0000736 TP8= Free
BLong
by ForecastCity

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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