BNX-USDT - December 05
BNX is dumped after $100 and still waiting for an other another dump to touch $20. May be it go up till $80 but will be dumped. It's crashed from $140 without any strong support.
Where the BNX will bottom is uncertain. More bearish pressure is probably coming because this sell-off appears to have been planned. One would almost conclude that the developers had begun selling since they own the great majority of the supply.
It now appears that BNX's reputation as a strong performer in weak markets is untrue. The price has experienced considerable bearish follow-through in addition to breaking the bullish channel.
Right now its main resistance is S80 - S87 and if it can't break it then most probably it will go down even it can go lower to $10
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Where the BNX will bottom is uncertain. More bearish pressure is probably coming because this sell-off appears to have been planned. One would almost conclude that the developers had begun selling since they own the great majority of the supply.
It now appears that BNX's reputation as a strong performer in weak markets is untrue. The price has experienced considerable bearish follow-through in addition to breaking the bullish channel.
Right now its main resistance is S80 - S87 and if it can't break it then most probably it will go down even it can go lower to $10
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and 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.
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.