Bancor (BNT) Long-term Technical Analysis

20 Şub 2018

Just as in my other TAs, I'm going to be tracking coins that I'm personally interested in. I got into BINANCE:BNTBTC back in November, but have seen its value slip during the BTC crash and now the recovery. It's a decently-sized coin with a lot of potential and actually have a use case to solve. Long-term, I'm bullish on BINANCE:BNTBTC, but short-term I'm staying out of it until we see some reversal. I'm seeing BINANCE:BNTBTC go parabolic here, just not in the direction we'd like it to be going in.

What I'm looking for here is short and sweet:

• An end to the downward-facing parabolic line with a flattening section or quick reversal
  
• Oversold on RSI with a quick reversal and decent volume
  
• A continuation of this trend over several days, it will take a lot to reverse this trend
  

Not too much information in this post, but I'm more interested in a reversal point, not in a consistent downward trend. I'd like to hear your thoughts on BINANCE:BNTBTC! Where do you think it's headed after this consolidation period? Are we headed for a bull run or will the bears finally take it below the 0.016 support? Please comment below, as the more input we see, the more informed we are!

*** This is not a recommendation to buy or sell, this is for educational purposes only! ***