I think Bancor looks super bullish with its chart setup, but Im also leaning on a breakout for Banor because of its continued protocol usage growth, measured by the growing daily generated protocol fees and this is especially true when compared to similar DEXes fees generated to market cap...
also, if ethereum wallet activity is any indicator, the increased...
Huge technical play setting up on BINANCE:BNTETH , looking for 58% in 35d and 135% in 76d (if breakout is successful)
| LEVELS |
Entry: 2149 BUT we look for entry after we breakout 2145 and retest it as support.
Stop-Loss: 2071
Target Profit 1: 3669
Target Profit 2: 5349
Long Target Profit: 6497
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Support: 1328
Resistance: 2145, 2593, 3672,...
💎Technical Analysis Summary💎
BINANCE: BNTBTC
-Bancor is on a downtrend since the pick at 23k sat area
-Its value has declined by -70% already and still going lower
-If BNT will keep respecting this descending channel
-There is a channel to test old support at around 6k sat range
-But until this parallel channel is broken to the upside
-The Bears are still in...
BNT/BTC
-Bancor may have found a temporary top at 23500 sat range
-The price has already declined by almost -26%
-If the current market price will not hold in the next 24-48 hours
-The next strong potential support is located around 14000 sat area
-This zone is a confluence of previous resistance and support
-Meaning, the chances of bounce reaction is...
BNT/BTC
-The price bounced perfectly at the key daily support
-This may be the temporary bottom for now
-Bearish side, the 200ma acted as new dynamic resistance today
-BNT could revisit the low at 1388 and potentially form a double bottom reversal
-I advise to enter a Buy position only after a clear trendline breakout
-You may enter the breakout or trendline...
BNT/BTC
-the daily uptrend must be over as the price starting to trade below the trendline
-if this daily candle closes bearish with an engulfing
-there is a high chance to retest the 50D MA and trendline support at 12800 range
-if you are looking for a bounce trade setup
-make sure there is a bullish reaction in within buy range
-to avoid catching a falling...
BNT/USDT
-a strong bullish breakout over 70%
-broke local resistance with followed momentum
-new immediate support is set at 0.28s
-upside potential is up to 0.4s
-wait for a pullback before attempting to enter a Long
-but always make sure there is confirmation of reversal
-please do not enter at the current price level
-it is too extended and we will see...
BNT/USDT
BNT shows a strong breakout of this trend-line resistance plus a Moving Averages cross of 20 & 50 on the 4H time-frame.
The RSI is currently facing strong resistance level at 70 condition level, we may face some minor pullback to continue its uptrend again.
But every movement is critically base on Bitcoin's action in the coming days ahead.
There is no...
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. Moon can take >15 days. But it's recommended to hold it for 6-7 days if any target not reached. Sell...
As you may know, the end of downtrends often have the highest upside potential.
BNT has been in a downtrend for a long time, Since it's been out, vs BTC.
We can see that it has broke out of the resistance of the downtrend and is heading upwards.
We have gotten buy signals on:
Squeeze Momentum Indicator
Williams_Vix_Fix (Bottomed out)
MACD
Ultimate RSI (Bottomed...
This is a perfect breakout on the daily. It's a buy now.
I think the breakout of this coin is either a positive for Ethereum, or Ethereum's recent run is a positive for Bancor. The current market cap is $150 million. In my opinion, Bancor could be trading at ~$20 per coin in the future.
Why? Bancor is a Decentralized Liquidity Network that allows you to hold...
