Here we are looking at the , the long-term chart.
Remember last year when we would look at the daily (D) timeframe and see all pairs trading below EMA50, EMA10, and MA200?
If you look at most altcoins pairs, we have prices trading above these levels easily and many trading above EMA10/50/100/200 and even EMA300.
Any altcoins/cryptocurrency pair trading daily above these levels can be considered (in general, more signals are needed to take any type of action).
No altcoin has been seen above EMA50 for a very long time on the ... Recently I published a few pairs that moved above and here we have a new one.
Now that BNTBTC is strongly trading above EMA50, additional growth can follow.
On the chart above, we are looking at 1360% or more potential growth if BNTBTC goes as high as it did in its last run.
What will happen now?
It is likely that this pair will continue to grow... The green and red arrows show the main scenarios that can develop on this chart.
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Remember that you need your own plan/strategy before you decide to trade.
This is not financial advice.
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