Possibly yes, I do like this inverted hammer candle pattern on monthly chart... usualy price should go back to grab some liquidity... BUT then it can be flush back down and even under monthly open in March. RISKY ONE NOT A FINANCIAL ADVICE POSTIN THIS JUST FOR EDUCATIONAL PURPOSES
BNXUSDT price has consolidated and bounced from a good support zone area and trying to break the trendline. Bulls were Active before and showed a positive momentum then price retraced and now again strength has been shown by the bulls. So keep on your watchlist as we are looking for momentum towards the next resistance zone at the 40.0 level.
If we close the day above 22.1, there is a quick exit to 66 dollars. We have a resistance point at 27.2
BNX is currently standing at the point where it can be bounce anytime and we could make at least 2x return ... DISCLAIMER : Invest with Safety and Risk Management . Invest with D.C.A ( Dollar Cost Averaging ) strategy so you Make better returns with Minimize Risk. Learn D.C.A if you are not aware about it. Good Luck ! Power of 2x . $50 $100 $100 $200 $200...
Hi Some sick stuff is going on here.... Playing with timing of BTC up/down the past few years, it looks suspiciously rythmic. I added 2 sine lines, one half the length of the other one. When they have crossed, they have timed perfectly both sell signals and buy signals - over a 8 year period. This is pretty strange to me. Also the Moving averages cross timing...