After the bullish breakout, Bancor (BNTBTC) moves down to test a previous resistance level as support. Now that this level holds as support, blue line on the chart, we can expect the bullish wave that started early August to resume, aka, new highs.
We can easily expect higher prices on this pair.
Namaste.
Bancor on the 26-June session hit a new All-Time Low, the session closed as a dragonfly doji, a reversal signal.
We have a double bullish divergence, MACD and RSI, on the weekly timeframe. The divergence starts June 2022. This is a very strong bullish signal.
These signals put together can indicate that a trend reversal is about to take place.
This is a very...
◳◱ A Resistance Breakout has been identified on the $BNT / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00001319 | 0.00001361 | 0.00001427, and the major support zones can be found at 0.00001253 | 0.00001229 | 0.00001163. Consider entering at the...
◳◱ We've detected a Resistance Breakout and Confirmation on the $BNT / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.0000207 | 0.00002143 | 0.00002306 and the major support zones are respectively at 0.00001907 | 0.00001817 |...
Will BNT pop up? The OBV indicator is going higher while price is going sideways.
Bancor protocol is buying its own supply back. They quit minting new coins and are burning BNT.
They are developing a new AMM where the trading fees will always be paid in BNT.
The tokenomics are starting to look better.
BNTBTC on H4 has tried several times to break above the significant resistance but it couldn’t. After the last Pullback it seems that it is going to break above it soon.
⬆️Buy now or Buy at 0.00008475
⭕️SL @ 0.00007795
✅TP1 @ 0.00009040
✅TP2 @ 0.00009200
✅TP3 @ 0.00009300
✅TP4 @0.00009600
✅TP5 @ 0.00009800
✅TP6 @ 0.00010000
Check the Links in Description...
Long BNT/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at...
Bancor is my favorite defi play. I bought in 2 months ago (take my word for it?) because no one was really talking about it and it seemed undervalued. This project survived the most recent bear market and continues to innovate.
It would be pretty bearish IMO if we closed below the nice support that we've built there, but the BTC pair can easily double from...
![BNTBTC: $BNT/#BTC [#Bancor]: Resistance_Breakout_Confirmation](https://s3.tradingview.com/j/JBKhK2vV_mid.png "$BNT/#BTC [#Bancor]: Resistance_Breakout_Confirmation")
