BINANCE:TNBUSD   Time New Bank / Dollar (calculated by TradingView)
TimeNewBank has been moving withing the descending channel from 15th of May, up until the 17th of July, when the channel was broken. Nevertheless price continued to move lower and has reached $0.009 low on the 14th of August, where it has rejected the upper trendline of the descending channel - this time acting as the support.

According to the Fibonacci Time Zone indicator, a new cycle is about to start. If current low at $0.009 level will hold, the new cycle could result in a trend reversal or a strong correction up at the very least.

First strong resistance is seen at $0.02, which is 23.6% Fibonacci retracement level. If this resistance will be broken, further growth should be expected, where TNB/USD would move towards the next Fibs resistance, either $0.025, $0.03 or $0.036.

On the chart multiple price development scenarios are presented, but most importantly resistance levels that should be watched, which should help to determine which of the scenarios will be the most probable.
Top Crypto Telegram Channel: https://t.me/cryptopost
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/

ETH Tip Jar: 0x79BB76B99114F9B33fd3E5477Eb05F2738D51
I am not sure about 2nd & 3rd resistance
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out