Bytecoin BCN/USD is trading at 0.012. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bytecoin. The test area of Ichimoku Kinko Hyo signal lines near 0.011 is expected, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target above 0.017.
Bytecoin forecast & analysis BCN/USD May 11, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. Earlier, a strong signal was received for buy of Bytecoin cryptocurrency, due to the crossing of signal lines at 0.0055.
The cancellation of the variant of the growth of quotations of BCN/USD will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below 0.080, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BCN/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 0.015.
