SUMMARY
On March 26, the below chart of Bancor (BNT) was posted. A very sharp downward pointing wedge was looking quite bullish and ready to breakout given how proximal it was to the apex (white circle).
On April 16, the breakout took place and the early labels of an impulse motive was introduced as being bullish. The MACD also signaled a trend reversal was at the onset. As projected, price declined to $2 before breaking out.
Currently, the price movements are patterning out what looks to be an Inverted Head & Shoulders as shown below. The LS, H are complete while the RS is still in progress. The MACD should dip abit but still support the price rise. The minimum run is targeted at $10.66; but this should easily be exceeded.
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