Voyager (BQX) Ready To Resume? Maybe Not...

6 paź 2020

Voyager (BQXBTC) now hit the 0.618 fib. retracement support level... Is this altcoin pair ready to resume growing?

I am seeing some mixed signals when it comes to Voyager vs Bitcoin.

We have bullish divergence with the MACD, which is a bullish signal...
And the MACD trending up.

But we also have low volume on the bounce so far and prices remain below EMA50.

• If BQXBTC moves and closes above 0.00001152 (EMA50), we can expect additional growth.
  
• But if instead, we have a rejection, BQXBTC will move lower and test the 0.786 fib. retracement support.
  

When I see this type of setup, we do not trade and rather sit it out until the signals are clear...
There are many more options, other pairs looking better and trading near all-time lows.

Everybody can trade based on their own risk tolerance... Mine is very low.

Check the 'RELATED TRADE IDEAS' below for more.

Namaste.