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BNTUSD

BNT/BTC (Bounce at Key Level Support?)💎Technical Analysis Summary💎 BINANCE: BNTBTC -Bancor is dropping fast and now back at previous swing low support -We can see a Bearish engulfing candle signaling a strong selling pressure -This is not good in the short term because the Bulls are not showing any sign of strength -It will be crucial for the next few days if BNT will bounce from here or not -Always plan your trade and don't try to catch a falling knife blindly A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
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by PolarHusk
8
BNT.USDT (Y20.P4.E3).Don't miss out.Hi, *** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable *** Link supplied below: Keeping it short and to the point. I entered in the bottom formation and now I wished I bought more. We can see a nice Inverse H&S took place and the target has confluence with previous support and resistance levels; If you missed out, this pullback will be shallow as per my chart so don't miss out on the 4 HRLY. Enjoy, S.SAri 2 Day chart looking positive Macro view Weekly chart, gaining momentum but not there yet. Need to see the RED rsi above 50%. PREVIOUS POST (Note Mistake on the title, BNB should have been BNT
Long
by ssari
BNB.USDT (Y20.P4.E2).Macro.Timing for entranceHi All, Another crypto that is holding up strong with good macro form. Based on the indicators, fib level, and structure so far, has a potential re-accumulation structure to go long. Note: > Moving averages on the daily, will act as resistance; > 0.5 fib pullback ; > MACD has not passed the zero level; > Phoeix rsi's showing bullish formation on the daily, above 50%; > Current resistance levels; > Assumption of a bottom formation, even if BTC drops, the bottom trend line would likely be the next lower high; > Potential inverse H&S; Hence waiting to see what BTC does (refer to my previous post for my thesis), need to see it hold the critical level and pass the obvious resistance. So far, its all planning at this stage, stalking. Please give me a like or tick for this post. Regards, S.SAri 12 HRLY chart, note the EMA's, crossing over as well, potentially acting as support Daily chart: William alligator indicator, another sign of a potential support level
Long
by ssari
5
BNT/BTC (Test Old Support?)💎Technical Analysis Summary💎 BINANCE: BNTBTC -Bancor is on a downtrend since the pick at 23k sat area -Its value has declined by -70% already and still going lower -If BNT will keep respecting this descending channel -There is a channel to test old support at around 6k sat range -But until this parallel channel is broken to the upside -The Bears are still in control of the market -I recommend waiting for a proper breakout followed with a volume -This reduces the risk and have proper stop loss location `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
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by PolarHusk
4
BNT/BTC (Breaking Trendline Support?)BNT/BTC -the daily uptrend must be over as the price starting to trade below the trendline -if this daily candle closes bearish with an engulfing -there is a high chance to retest the 50D MA and trendline support at 12800 range -if you are looking for a bounce trade setup -make sure there is a bullish reaction in within buy range -to avoid catching a falling knife -or if you want to be safe -you can just wait for the 4H trend reversal -because it will signal that the downtrend is over
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by PolarHusk
5