Right now, Clubcoin is the winner over at Bittrex. It is up 23% for the day and I have found some interesting buying signals for this coin. Lets begin with the weekly chart:
Comment: We do have a stochastic divergence on this chart, with a higher low on the stochastics. Also, the volume this week is the second best ever for this coin so that is another buying signal.
Lets have a look at the daily chart:
Comment: Here we can see that Clubcoin formed an extreme hanging man yesterday, but it looks like it is being challenged today because we have almost touched yesterdays high. So if we will close higher today than yesterday, I do see that as a bullish sign.
Finally, lets look at the hourly chart:
Comment: Now, here we can see that Clubcoin will most likely pull back a little bit more, down to the ascending trendline and probably find support near the horizontal line at 0,00009 BTC and that could be a good entry point if you see a green reversal candlestick.
Happy trading!
is it a good time to buy now or should we wait?
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