Bancor | Time For Retrace? (Support Levels Mapped)

8 Jun 2020

Bancor (BNTBTC) went on a great run and it looks like it already peaked.

We shared a weekly chart with the long-term potential profits visible... But short-term (here we are looking at it daily), there can be a retrace which is normal after a bullish jump.
You will also find the most important support level marked on this chart.

This is just a friendly reminder...

• BNTBTC printed a lower high.
  
• A very long-wick pointing down on 28-May.
  
• And the 2.618 Fib. extension level was hit, this is a strong level.
  

These signals are telling me that BNTBTC can go lower.

Note: Remember that the charts are always changing, every day a new candle is printed. What you see now can be different tomorrow and the signals can change, so make sure to have a strong plan before you trade.

Thanks a lot for your continued support.

Namaste.