BCNUSD finds buyers again around 0.001766
Moving lower for the 2nd day in a row, BCNUSD ended Saturday at 0.001766 losing $0.000078 (-4.23%) on low volume. Today's closing price of 0.001766 marks the lowest close since December 1, 2017. Trading $0.000061 higher after the open, BCN was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Friday's low at 0.001783, the market confirms its breakout through the prior session's low having traded $0.000017 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Saturday's trading range was $0.000122 (6.68%), that's slightly below last trading month's daily average range of $0.000145. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.
After having been unable to move lower than 0.001783 in the previous session, the cryptocurrency found buyers again around the same price level today at 0.001766.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for Bytecoin/USD Index
|Strong Up Move||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Price broke through Technical Resistance R1||TQ Pro Members Only|
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