FX_Academy

Bancor (BNT/BTC) add to you watch list

BINANCE:BNTBTC   Bancor / Bitcoin
Bancor is the one cryptocurrency who's chart patterns are nothing like others in the market. The price has been steadily rising 03.04.2018 and is now at the levels of the resistance once support of the all-time high zone. Uptrend support being broken is a bearish sign, but the rectangle pattern looks like a bull flag. I would add this to my watch list, as this resistance area is crucial. If the price goes above it, I would expect new all-time highs, exceeding the prior once, if it fails I would expect the price to fall back significantly.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.