Not any analysis today, just some random USD charts that looks increasingly nicer according to me.
I think that BIKI Exchange has the potential to become ETN’s new #1 exchange,
As not only does it seem to be an incredibly serious exchange, it also has good traffic with many concurrent users aswell as Binance levels of volume. ( Since everyone everywhere in the space only validates projects wether they are listed on binance or not ) I think it is important to know there is other very well suited alternatives, even better depending on what the main goal is.
So I’m truly excited to see the coming weeks and months development within BIKI.
Anyways -> to the charts I mentioned.
1 full year of price action. Seems we’re pretty flatlined and pushing into the first major resistance sat at 0.004$ a fair 3 times. Looks very nice to me.
3 months chart we have pushed into the resistance twice without success, but not with failure either. Looking good.
Again a 1- Year chart and as more clearly seen here we’ve had 3 tests on the resistance level, with each and every one of them getting increasingly higher above it after failing.
Half year chart - just for perspective.
90 day chart - This is where it’s starting to get interesting as seen we have been trading within a downwards channel and we just now a couple of days ago came into contact with the support regions with volume stagnating on the lower sides, so I’m currently on the lookout for bigger movements from this point forward.
Here comes the more fun parts 60 day chart is clearly evident that the downwards channel is coming to an validation point of price action. as said above volume has stagnated on the lower sides as we came into contact of the supporting price level. Very intersting.
Again, even further fun parts of this text - And at last a 30 day chart - Just so that one can easily see how we have maintained the downwards channel with fairly good volume up until the point where we hit price action support levels, where volume instantly came into a halt. Definitely keeping my eyes open right now.
Key levels of price action is the same as I mentioned many many months back. 0.0037 ~ is obvious support, and 0.0040 - 0.0044~ is the obvious resistance we will have to break above. Time will tell what happens, but I would be surprised if we get rejected at 0.0040 ( in the case of us retesting it again. )
Thanks and take care, I find this chart extremely exciting in the current days especially with all of the massive background noices from deep within the company.
Not financial advice,
*edit reasons - spelling corrections