$NBT/BTC (Bittrex) still continue to downtrend Wish you good luck, don't forget to follow me! #jimsy2k on Tradingview. Best regards
Bearish Butterfly was formed and the price should go dip to the support zone mentioned on the chart. Stoch RSI confirms trend reversal. If the price manages to consolidate in the tested support zone, there will be a bounce from it to the upper point of XABCD.
Broke out of descending channel and tested resistance as support, buy volume is there, begging for a long opportunity
Chart 1W Target : 11k Target 1 : 18k4 Target 2 : 53k * Stoploss : 5k5
Note: Before we even get started, let me mention something important about this coin. The developers want to keep the price at $1 USDT, meaning, that the charts indicators that you will read below can get invalidated if they try to manipulate the coin and market at their favor. This is an interesting development, and we shall see how things go. TRADE AT YOUR OWN...