BCC has been in a falling wedge and appears to be nearing the end, which may set the occasion for an increase. As can be seen, BCC has seen very rapid rises in the past. RSI appears to be on a slight increasing trend (also seen in the 4 hr, see below). MACD could become bullish (or remain bearish and is flip-flopping in the 4 hr, see below).
Volume is very low, so it is possible large buys or sells could trigger movement in either way. Overall, however, BCCBTC has been in a increasing trend as evidenced by higher lows.
For educational purposes - given the large upward spikes in price that has been seen in BCC history, if you were to consider buying BCC, it may be wise to set sell levels at your target areas to lock in profits if the profits.
Note - because BTC is bullish in the current short term, it is possible BCC could go lower, despite the increasing trend, because BTC is setting the stage and running the show. Best practice would be to wait for confirmation that BCC breaks out of the wedge (up or down) before considering a trade.
Volume is very low, so it is possible large buys or sells could trigger movement in either way. Overall, however, BCCBTC has been in a increasing trend as evidenced by higher lows.
For educational purposes - given the large upward spikes in price that has been seen in BCC history, if you were to consider buying BCC, it may be wise to set sell levels at your target areas to lock in profits if the profits.
Note - because BTC is bullish in the current short term, it is possible BCC could go lower, despite the increasing trend, because BTC is setting the stage and running the show. Best practice would be to wait for confirmation that BCC breaks out of the wedge (up or down) before considering a trade.
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