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
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BNTUSDT
BNTUSDT ANALYSISI am bearish at the moment
If you hold this coin , time to sell it
It is not good time to buy this coin , try to catch EngineeringRobo ' s buy signal
Unfortunately, EngineeringRobo gave Sell 1 & Sell 2, Bear and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment
If you want to use EngineerinRobo please dm me.
Over 1000 % in 88 days - Does it rise even further? [BNT/USD]Over 1000 % in 88 days - Does it rise even further?
BNT/BTC (Temporary Top?)BNT/BTC
-Bancor may have found a temporary top at 23500 sat range
-The price has already declined by almost -26%
-If the current market price will not hold in the next 24-48 hours
-The next strong potential support is located around 14000 sat area
-This zone is a confluence of previous resistance and support
-Meaning, the chances of bounce reaction is high
-Let's watch this zone if BNT will give us a trading opportunity
BNT Bancor breakout Bullish H4 - bntbtc bntusd bntusdt INTRADAYBNT Bancor breakout - Bullish H4 - bntbtc bntusd bntusdt bnteth
BNT/BTC (Temporary Bottom?)BNT/BTC
-The price bounced perfectly at the key daily support
-This may be the temporary bottom for now
-Bearish side, the 200ma acted as new dynamic resistance today
-BNT could revisit the low at 1388 and potentially form a double bottom reversal
-I advise to enter a Buy position only after a clear trendline breakout
-You may enter the breakout or trendline resistance
-ideal stop loss is below this green line support
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
Here I buy Bancor and BNT will go upHere I buy Bancor
and Bancor will go up
The price is testing the major resistance
so now I buy and the bullish breakout will start.
And Bancor will go up
see you up there
BNT/BTC (Support Failed)BNT/BTC
-broke a key support at 12386s
-the next strong area of support is located at 9900s
-that's a good rebuy zone to enter a new position
BNT/BTC (Mini Uptrend?)BNT/BTC
-Cross Ultimate Indicator last signal is Long on May 18
-the price went up over 170%
-retest the Moving Averages and went up another 19%
-if this mini-trend will continue rising
-the recent top is our target at 8777s
-tight stoploss should place under 6800s
BNT/USDT -it's better to sell the asset.it's better to sell the asset.
The divergence shows that there is no power to grow further.
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