BNT hits All Time Low | Bullish Divergence and Triangle | 35%
BNT hit the all time low on December 18.
To mark my Reversal Strategy I see these:
1) Triangle Formation (It has tested its Support Level)
2)Previous Trendlines (It has just tested previous trendlines, we will see bearish price action before reversal)
3) EMA10 Contesting (Potentially forming a upward curve, Hint for Bullish Scenario)
4)Bullish Divergence on RSI, Momentum, MACD (A Quick Pump, will support this Bullish Divergence)
5)All Time Low (Price is already up 8% from ATL)
Price action appears to test a new All Time Low before making reversal.
If the price breaks longest trendline then we have situation of Huge Profit/Ultimate Reversal.
To mark my Reversal Strategy I see these:
1) Triangle Formation (It has tested its Support Level)
2)Previous Trendlines (It has just tested previous trendlines, we will see bearish price action before reversal)
3) EMA10 Contesting (Potentially forming a upward curve, Hint for Bullish Scenario)
4)Bullish Divergence on RSI, Momentum, MACD (A Quick Pump, will support this Bullish Divergence)
5)All Time Low (Price is already up 8% from ATL)
Price action appears to test a new All Time Low before making reversal.
If the price breaks longest trendline then we have situation of Huge Profit/Ultimate Reversal.
