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) $21+.
I have 231 shares at 6$ should I sell or hold or buy more?
devonsixt
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Inverse head and shoulders if it can break over $6.00 what do you think?
Gentlebender
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I also think it's possible that it's forming an inverse head and shoulders. It's interesting that the pervious resistance is acting as support. That's quite bullish providing it holds.
MarkStPeter
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@Gentlebender, Yea, I would agree with you. BNT is a strong project overall and like a lot of these projects, it's picking the ones you believe in and holding through the storms.
Gentlebender
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@MarkStPeter, I absolutely agree. I've done a fair bit of trading over the last few years, thinking I was being smart, but I think finding strong projects and sticking with them is far better. This is why I've settled on BNT, GRT, XLM and UNI. And I'm just going to hold them onto them now and see where they go.
Gentlebender
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It looks a lot like a head and shoulders formation at the moment. It all depends on bitcoin though.
clairko75
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I am very new to trading crypto.
what is going on for today's market?