Time New Bank - Nearly 300% Growth PotentialSince 6th of May, Time New Bank has corrected down by 55%, while it moved from $0.075, down to $0.033. Price has found the support at 78.6% Fibs and recently rejected it cleanly.
But at the same time TNB/USD failed to break above the descending channel, which could mean that the bullish momentum is still dominating. But if price stays above $0.033 and will then break above the upper trendline of the descending channel, the downtrend could be invalidated.
Break and close above the $0.041 should result in more buying coming to pick up TNB, that would push price higher. TNB could then jump as high as $0.145 area, that is a 300% growth potential. The resistance is based on 38.2% Fibonacci retracement level applied through the all-time high and it confirmed by the previous resistance established back in January.
Timenewbank
TimeNewBank VS Bitcoin is About to Blow Up?TimeNewBank token had a massive correction down after reaching an all-time high at 2255 satoshis. Price declined by 86% and found the support only at 300 satoshis area. This is the 261.8% Fibonacci retracement level, applied to the corrective wave after the uptrend trendline breakout. The support is being rejected, and during the period of two months price failed to go any lower.
While staying above the support level, TNB/BTC could have formed a strong bottom, which might result in a trend reversal. The first target is at 720 satoshis, and second is at 1250 satoshis, both correspond to the Fibonacci retracement levels and previous levels of the support/resistance.
On a downside, break and close below 250 satoshis should invalidate short-term bullish outlook and extend the consolidation. No major decline can be expected since TNB current price is already extremely low and trading at 360 satoshis.
Very overbought - TNB/USD Do your own due diligence, but from what can be seen on the graph for the next 1-2-3 days the price will be going down.
End of correction!TNB came out of the correctional wedge. Now the price is consolidated before the bullish impulse.
The coin is interested in the idea, the market the project is aimed at, and also because Charlie Shram is the founder of the bitinstant, is an adviser (there is a video in the YouTube where he tells about his involvement in the project), and that there are institutional investors. I see the fundamental reasons for growth.
Also, the first two-week report was released: tnb.fund
White paper: tnb.fund
Yesterday I opened the position #TNB / BTC.
Input: 0.00000340
Objectives:
1. 0.00000700
2. 0.00001000
3. 0.00001450
For more conservative traders, the entry point is > 0.00001000
TNB - Correction bounce longTNB also ready soon to correction bounce.
I open position only if price reach target OPEN ZONE becase RR here is the best.
But if you stunned buying the peak you also can sell you position at target levels 509-519.
TNB - Agressive longPrice show strong. Buyers happy and strong also. Now in usually situation we should see normal correction to 380-410 levels, but market sentiments very bulls.
I publish new trade setup for agressive style if you can get this risk. I have success longs and shorts on this run because of this I can get accept this risk.
Agressive enter 471 - 481, safety enter after clear up 502.
First take profit around 549, next 560. You can try to get some on 580 but resistance & risks very high.
My personal limit for this trade is 563.
And again about the RISKS - guys we are in the 5 "local" wave of the 5 "this run" wave. And it can be unpredictable.
TNBBTC - Time New Bank - Potential 308% Trade BINANCE:TNBBTC had a big run right when it was first listed from 258 Satoshi's to 2254 Satoshi's.
Since then, TNB had nearly a 100% retrace.
It has now found a strong support that it is respecting very well.
Significant volume is moving in and it's coming up against resistance that had acted as support prior.
Fundamentals:
- Develop and test consensus mechanism for M.I.T Chain by end of April.
- Develop and test distributed ledger, wallet and mining of M.I.T chain by the end of April.
Big news like this and lots of volume coming in indicate this coin has a strong run in it's potential futures.
The blue line is a critical resistance at .236 that it must cross in order for these other targets to remain within reach.
Green line are safe targets to set sell orders at.
The risk with this trade is if the .236 Fib line rejects it, it may retrace back down to the accumulation zone.
Overall, I really like this trade for both short term and mid term.
TNB Daily TrendTimes New Bank Daily Chart from the CointheCrypto youtube video :)
coinmarketcap.com
tnb.fund
tnb.fund
TNB aims to deliver a standardized system that fully expresses the value of time commodities based on how time exporters are recognized and demanded via scientific and systematic analytical model by leveraging its decentralized value transmission platform.
TNB will be adopted as the settlement currency to accurately tell both the current and future value of the time commodities
Under the above-mentioned structure, time demanders can quickly retrieve on the M.I.T platform to position and purchase the exact time commodity from the exact time exporter
After completing the purchase, time demanders could either materialize the time commodities or transfer them on the secondary market. Investors can invest on commodities via the third market. In this way, multiple-layers of demand are fulfilled
When the M.I.T main chain goes live successfully, TNB will exchange the 1:1 equivalent value with the M.I.T main chain Token
For each M.I.T Token issued by the M.I.T Foundation, 1 TNB will be recovered and the recovered TNB will be destroyed. In the future, in the M.I.T ecosystem, the TBB of the main chain of TNB and M.I.T may coexist for a while at a time and gradually be replaced by the main chain Token
Pay across regions:No matter where you are, you can use TNB for free time to purchase celebrities. There is no exchange rate issue
TNBBTC Time New Bank. New TrendAs you look to TNBBTC chart, you can see from stochastic oscillator, that Downtrend line was broken couple of days ago and price is going to bounce soon for 20%-30%. Although, on midterm I see price approaching 1500 satoshis, as it's 50% fib level.
TNBBTC | Prepare for breakoutTNB is currently testing weekly bear trend, if break above resistance 1125 a push to 1276 is probable.
#TNB Time New BankLooking good in the short term. Expect it to breakout or follow current trend lines.
Wedging out now.. Prime for rebound if it can find some volume.
Time New BankTNB very good project. Just look at team. tnb.fund
I heard rumors that TNB want to add to Bitfinex
Bought on the rumor - sold in fact
