UnknownUnicorn461520
Momentum reversal looks nice. Would not want to see them lost current levels of support for longs. Bigger picture, expect lower targets to get tested.
Recent rally appears to have lost momentum. The high was lost on the hourly chart, confirming distribution. I would expect a retracement back down into previous support gained levels for potential buying opportunities.
As much as I love a good pump and dump, I wonder how long they can keep the schemes going, but then I remember, "a sucker is born everyday." I know relatively nothing about Bancor. I'm not a crypto-enthusiast. I just like charts. The distribution looks set in, and price should attempt to retrace back down the immediate up-trend to the left, attempting to...
Hey Guys, Weekly and Daily time frames look like tons of momentum erosion, setting up for a significant move lower. I imagine it will take some time, but this area might be good for profit taking if you've been holding a long position. Looking for levels lower. Want to learn how to chart the way I do? Check out my new charting course @ www.tradersunderground.co
I said it's easy sometimes. Learn to chart read: www.tradersunderground.co
If only the pundits actually knew market theory. The distribution was setup long before a tweet. Zuckerberg could have farted and this thing was destined to drop.
Progressing up to prior levels of support that were lost. Won't get excited about long term trend change until the highs around .0940s are taken out. Until then, expect progression to continue lower to test untested supports below.
I like this as a long. Gained the low.
The levels indicated above should offer resistance for profit taking and short term short entries. Until price can get above previous trend highs, I'm not yet too excited about continuing longs.