Bancor (BNTUSD) Poses Bearish Rejection Candlestick Pattern on the Daily Chart
Bancor Market Analysis – BNT Conforms to Bearish Rejection Candlestick Pattern Formation
Bancor has posed a bearish rejection candlestick pattern on the daily chart to signal a change in market direction. BNT has been falling continuously since it plummeted on the 19th of May 2021. It presented a big bearish Haramis candlestick with a long lower wick. The price has been rejected at $6.800 to find support near $3.450.
The market tried to recover but was knocked back before it got to $5.500 resistance. Afterward, the market just slid down under bearish pressure along a descending trend line. Bancor, still under the sellers’ control, broke to the upside of the descending trend line on June 13, 2021. As it slid down, it posed with small candles, including the Doji and the…
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