On December 19th, BNT hit its ALL TIME LOW it bounced and went into a head and shoulders which quickly brought down the rally,
In the wedge drawn we bounced off the 0.00 line which shows we may have found higher supports and this wedge may in fact be in play, We see declining seller volume which shows sellers are getting exhausted
For BNT it may be too soon to say but we may have bounced off the bottom, that isn't to say we cant go lower, its just that there is alot of support in that area
Orange line being local support, where I would get out of the trade
Red being stop loss, if it goes past then we are looking for news lows!
RSI on an uptrend
A breakout is imminent, this coin is similar to NAV Coin in patterns
My sell target would by the hypotenuse of the triangle which brings it almost directly to the .618 level like magic..
Not to say it cant go higher but thats my immediate sell target, if the bottom is in.. there is so much upside!
Will update charts as we move.
What do you see? Lets have a conversation!
In the wedge drawn we bounced off the 0.00 line which shows we may have found higher supports and this wedge may in fact be in play, We see declining seller volume which shows sellers are getting exhausted
For BNT it may be too soon to say but we may have bounced off the bottom, that isn't to say we cant go lower, its just that there is alot of support in that area
Orange line being local support, where I would get out of the trade
Red being stop loss, if it goes past then we are looking for news lows!
RSI on an uptrend
A breakout is imminent, this coin is similar to NAV Coin in patterns
My sell target would by the hypotenuse of the triangle which brings it almost directly to the .618 level like magic..
Not to say it cant go higher but thats my immediate sell target, if the bottom is in.. there is so much upside!
Will update charts as we move.
What do you see? Lets have a conversation!
Order cancelled:
Seems to be in a downtrend, we will observe. This is why we await confirmation!