BNTUSD: 2H Continues in a down channel
As above.
Pump and dump/false breakout and now continues in the down channel.... getting close to oversold and draining the swamp of bears but with very low volume that is susceptible to volatile swings so trend carefully. Might have some more room to drop though.
Looks like some support at 1.0 right now for the time being. Has possibility to hit top of BB at around 1.3 if it remains in this channel and bounces off the bottom trend line. Would need to break higher above this 1.3 level and sustain for any new uptrend to start.
Good luck traders!
Pump and dump/false breakout and now continues in the down channel.... getting close to oversold and draining the swamp of bears but with very low volume that is susceptible to volatile swings so trend carefully. Might have some more room to drop though.
Looks like some support at 1.0 right now for the time being. Has possibility to hit top of BB at around 1.3 if it remains in this channel and bounces off the bottom trend line. Would need to break higher above this 1.3 level and sustain for any new uptrend to start.
Good luck traders!
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