After the bullish breakout, Bancor (BNTBTC) moves down to test a previous resistance level as support. Now that this level holds as support, blue line on the chart, we can expect the bullish wave that started early August to resume, aka, new highs.
We can easily expect higher prices on this pair.
Namaste.
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In just the last 5 days was have a massive 150% bullish jump... I am reminded that patience is key here... The way to win with these Altcoins is by being patient, one can buy and hold while the market takes care of the rest.
We have to pick the right pairs of course but that has already been taken care of.
Let's consider again the long-term chart, aka weekly timeframe:
While the current action is really strong this is only the beginning when looking at the bigger picture.