MarkStPeter

BNT - Held Trend but will we see a H & S Pattern?

Long
COINBASE:BNTUSD   Bancor
Hello Traders,

I see some opportunity in BNT right now as long as we can break this rising channel.

Though I am cautious if we finish forming a head and shoulders pattern, which will most likely break the channel downwards.

Curious what any of your opinions may be on this or if you are noticing the same thing?

On the positive side, if we do see a break to the upside, my targets will be set for $11.3, and for the extreme take profit (which really isn't all that extreme IMO) $21+.

Thanks & good luck!

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.