Bancor (BNTBTC) is oversold. Bottom was hit on the 12th September forming a hammer on the daily time frame.
It moved up after a strong bounce and continued to retrace once it found resistance. I believe the retrace is about to be completed and Bancor is ready to move. Short term targets can be expected to be hit quickly, according to some signals I am getting from the charts (4H TF).
Trade instructions for Bancor (BNTBTC) by Alan Masters Trades (AMT)
Buy in: 0.000192 – 0.000211
Bancor (BNT) targets by Alan Masters:
Short term (1) 0.000222 (2) 0.000244
Mid/long term (1) 0.000262 (2) 0.000282 (3) 0.000312 (4) 0.000342
Stop loss: Close weekly candle below 0.000171.
Capital allocation: <5%.
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Bancor ( BNT ) targets by Alan Masters:
Short term (1) 0.000222 - Target hit (2) 0.000244 - Next target
Mid/long term (1) 0.000262 (2) 0.000282 (3) 0.000312 (4) 0.000342
very cool Namaste.
I agree with the trade.