BNTBTC Downtrend Over, Possible 5X+
Updated
As you may know, the end of downtrends often have the highest upside potential.
BNT has been in a downtrend for a long time, Since it's been out, vs BTC.
We can see that it has broke out of the resistance of the downtrend and is heading upwards.
We have gotten buy signals on:
Squeeze Momentum Indicator
Williams_Vix_Fix (Bottomed out)
MACD
Ultimate RSI (Bottomed out)
We can also see that they are releasing a new website design and layout, below:
coinmarketcal.com/?form[month]=&form[year]=&form[coin][]=Bancor+(BNT)&form[sort_by]=&form[submit]=
Stop loss can be set at top downtrending white line
Targets: Fib levels. mainly looking for a break of .382 and new ATH at around .786- 1 fib level.
Letting this run for a while, no point in taking short term profits for something with so much upside potential.
BNT has been in a downtrend for a long time, Since it's been out, vs BTC.
We can see that it has broke out of the resistance of the downtrend and is heading upwards.
We have gotten buy signals on:
Squeeze Momentum Indicator
Williams_Vix_Fix (Bottomed out)
MACD
Ultimate RSI (Bottomed out)
We can also see that they are releasing a new website design and layout, below:
coinmarketcal.com/?form[month]=&form[year]=&form[coin][]=Bancor+(BNT)&form[sort_by]=&form[submit]=
Stop loss can be set at top downtrending white line
Targets: Fib levels. mainly looking for a break of .382 and new ATH at around .786- 1 fib level.
Letting this run for a while, no point in taking short term profits for something with so much upside potential.
Note
moving up, 45% up so far
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.