BNC - setup ready for reversalBNC is oversold, has bullish divergence and pattern similar to XRP prior a reversal. Once we bounce and break local diagonal resistance line expect a strong push up to ATH range, with likely wick to fibb 1.272 extension. Rule as always - DCA secure profits on the way up, once you see confirmed bearish signals (divergence, overbought) be sure to be out and observe correction + crypto market for further steps...
BNCUSD trade ideas
#BNCUSD - Drops are Coming, But How Far?230% profit on that last Long trade. That's ok 😁.
We're now in a position whereby support on the underside will be spread thin and weak, there'll be several layers of support but none should too strong for the price to fall through by at least 40% or more.
This would take us to levels of consolidation seen previously, but in reality the price could drop considerably further!
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theCrypster
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BNCUSD - A few Wicks Attempted a breakout, Now We've got One!Looking back on BNC to the start of December we can it started pushing bullishly upward against the descending channel it's been ranging in for the best part of 2022. This came after a significant bounce off the lower edge of the channel.
You see that huge green candle that's formed today? Well, we got a nice Buy signal from Crypto Tipster yesterday, indicating something big was about to happen, and it sure did!
We're already showing gains of more than 70% on this one, IN ONE DAY!
Keep your eyes on this, it's most certainly one to watch.