BNT hits All Time Low | Bullish Divergence and Triangle | 35%
BNT hit the all time low on December 18.
To mark my Reversal Strategy I see these:
1) Triangle Formation (It has tested its Support Level)
2)Previous Trendlines (It has just tested previous trendlines, we will see bearish price action before reversal)
3) EMA10 Contesting (Potentially forming a upward curve, Hint for Bullish Scenario)
4)Bullish Divergence on RSI, Momentum, MACD (A Quick Pump, will support this Bullish Divergence)
5)All Time Low (Price is already up 8% from ATL)
Price action appears to test a new All Time Low before making reversal.
If the price breaks longest trendline then we have situation of Huge Profit/Ultimate Reversal.
To mark my Reversal Strategy I see these:
1) Triangle Formation (It has tested its Support Level)
2)Previous Trendlines (It has just tested previous trendlines, we will see bearish price action before reversal)
3) EMA10 Contesting (Potentially forming a upward curve, Hint for Bullish Scenario)
4)Bullish Divergence on RSI, Momentum, MACD (A Quick Pump, will support this Bullish Divergence)
5)All Time Low (Price is already up 8% from ATL)
Price action appears to test a new All Time Low before making reversal.
If the price breaks longest trendline then we have situation of Huge Profit/Ultimate Reversal.
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.