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TNBBTC

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.
TLong
by CryptoPAMM
5
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
TLong
by RedBudha
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.
TLong
by jacobcanfield
2