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BRDBTC

Bread Breaking Out? Not Yet, Needs More TimeIt is easy to get caught by certain bullish moves, as beginners, and this Bread (BRDBTC) chart is a great example. Here we can see a strong bounce and break above EMA10 and MA200, which looks very promising and can prompt someone to enter and trade, but there is more to this chart than the EMA10 break and strong bounce. If you look a bit closer, you can see that the green trendline is yet to be broken, and there is also a conjunction of strong resistance marked by EMA50, EMA100, and EMA200, where BRDBTC price is very likely to be rejected. On top of that, we are not seeing any volume to confirm this bullish move, which can tell us that rejection is even more likely. So when we see a chart like this one we do not take any action, we just sit back, watch and relax and see how the chart continues to develop. Now, if EMA50 (0.00006060) is broken with good strength and volume, we can consider the possibilities of additional gains. Were you entertained or learned something? Feel free to hit like to show your support. Thanks a lot for reading. This is Alan Masters. Namaste.
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by MasterAnanda
2
Bread [BRDBTC] Breaks Resistance at (100% PP)Welcome to this updated analysis on UPBTC Let's get right to it! We can buy this coin with a target at 0.00005760 TARGET: 1.) 0.00005760 2.) 0.00006109 We can AVOID/STOP loss at 0.00005373 Bread ( BRDBTC ), which can be traded on Binance, it is starting to creep up silently... We can see two really big volume bars in the past two weeks (all the way to the right below the candlesticks ). MA10 has been broken on the daily time frame, this is normally a really good signal. MACD is entering the bullish zone while the RSI is already bullish. This information is to be used for educational purposes only TRANSPARENCY Strategy, For more content, be sure to hit that follow button
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by GNTO
BRD-BTC Long Trade PlanCommodity : BREAD Trade Type : LONG Trading Against : BITCOIN Entries : Double-UP Entries throughout the Buy Zone Profit Taking : 25% at each TP point. Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on Duration - 1-4 weeks Investment in trade : 5% of the total Trading Balance. Prospective Profit : 15% to 58% Prospective Loss : 10% RRR : SL to TP1 is 1.44, SL to TP2 is 2.74 , SL to TP3 is 4.26 and SL to TP4 is 5.6 Buy Zone/TPs/SL price points are marked in the chart as follows Greens - Profit Targets (TPs) Blue - Buy Zone (Entries) Red - Stop Loss (SL)
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by CryptoTherapist