#BNCUSD - Drops are Coming, But How Far?

230% profit on that last Long trade. That's ok 😁.

We're now in a position whereby support on the underside will be spread thin and weak, there'll be several layers of support but none should too strong for the price to fall through by at least 40% or more.

This would take us to levels of consolidation seen previously, but in reality the price could drop considerably further!

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Crypto Tipster v2
theCrypster
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Comment:

No massive movement in either direction yet.

Let's keep watching this one.. 👀

Comment:

There's the big move downward we were expecting.

Broken clean through TP1, TP2 and TP3.

Can we hit TP4 next, or will we stay in the predicted blue zone for an extended consolidation?

Comment:

A retracement back up through the blue consolidation zone with #BNC has just happened.

With #BTC pumping too are we done with this Short trade or are we just experiencing a classic bull trap?

Comment:

#BNC has been ranging through several layers of SR recently, with a general downward trend.

With a short order in at just under 0.4 and a current price of around 0.23, CTv2 has made us some lovely profits with #BNCUSD!