Bancor Upward ContinuationBancor looks really good for an entry and will produce some nice returns for investors and traders in the coming weeks
Bancor
BNT easily can hit $3 - Undervalued Defi coin!BNT easily can hit $3 - Undervalued Defi coin!
In feb i think we could see $10 -
Other defi projects are getting lots of attention and pumping 4x in weeks.
I believe BNT will be one the whales will run with. Expect this to blow up soon.
Tim Draper backed project, solid team!
Also Bancor is working with Polkadot which means big big money coming in!
Its part of Polkadot Ecosystem!!!
Not Financial advise!
BNT easily can hit $3 - Undervalued Defi coin!BNT easily can hit $3 - Undervalued Defi coin!
Tim Draper backed Bancor Network Token - solid team and a solid project.
On Twitter recent partnership with Polkadot mainly goes unnoticed.
BNT is a sleeper, not many people are looking at it. similar to Balancer. undervalued.
Also its the lowest market cap defi coin on coinbase that i could find.
The price of $2 is also appealing to newbies VS paying $100+ for a coin psychologically.
BNT all time high is $10 so we have room to run here back up there.
This recent pump is an early indicator of more upside to come.
Could be the next 8x DEFI coin that goes parabolic in a matter of days not weeks.
I think people will not see it coming and will fomo at $10
-Not financial advise.
BNT.USDT (Y20.P6.E1).Looking for an entryHi all,
Bancor has performed well in the past and with this uptrend can probably have more left in the tank.
It did hit its target based on the spanning wedge formation but since the bulls are running the show with BTC...it might have some opportunities while BTC looks to break up once more.
Potentially the mid 24Ks.
For now, stalking this level on the 1 HRLY...looking for a bullish formation or bullish candle on the 8 hrly.
All the best,
S.SAri
1 Day chart....note the confluence of the fib levels and support\resistance.
Weekly chart, still has upward pressure based on the Phoeix indicator, even though the weekly candle has that reject wick.
PREVIOUS POST on Bancor
BNT.USDT (Y20.P5.E1).Don't miss out.Hi,
** A continuation of the previous post, and so far, accurate **
Revisiting this Banor coin that did well during the Defi surge.
It looks like it can do it again and I feel it won't pull back much, so look for the opportunity to reenter or enter.
I expect a retest of the bottom trend line support as per chart below, or the .382 fib level.
Cheers,
S.SAri
PREVIOUS POST
BNT.USDT (Y20.P4.E4).Don't miss out.Hi All,
Bancor did well in the previous run, better than most as a defi.
For now, I have it ranging at this bottom level before it breaks up.
I will be looking for it to break the next Fib Level or trend line to be interested, it starts to break the down trend and hence provides interest.
For now, its still a down trend but the 0.618 fib level was where it got a strong reaction, so it might be the catalyst to break the down trend.
Hence why I'm interested only if it does a lower high and higher high.
Note the indicators:
Bottom on the daily found and starting to cross over on all indicators, showing upward pressure.
On the 3 Day chart, we have this. Not all indicators crossed over.
Cheers,
S.SAri
BNT 1D H&S + a new listing = the growth prospectsBancor is a networked liquidity protocol that supports automatic exchange across multiple platforms.
In the summer 2017 the developers attracted an abnormal $153 million to the project, with the help of ICO in just 3 days.
However, during 2018-2019, BNT lost value from a maximum of $10 to the minimum $0.11 in March 2020.
The project got its new lease of life in 2Q 2020, when it began to develop in the direction of the Defi sector. The price splash was x13-x15.
BNT is believed to become a major player in the future as it can efficiently handle trading volumes and convert blockchain assets into cash.
For the last 3 months, BNT price has been forming an Inverted Head and Shoulders reversal pattern.
Yesterday, there was a breakout of the base on very confident volumes, amid the news of the listing on 12/15/2020 on the Coinbase Pro exchange. As you remember, this happened recently with CVC.
We think that at this stage it is not worth waiting for an increase above $1.45-1.55.
Possible correction of this strong breakthrough to $1.15.
Although, if the reversal pattern works out well according to the TA canons, then we can safely expect that the BNT price will reach $1.77-1.80 in the near future.
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BANCOR! BNTBTCBancor has broken out from a larger falling wedge after a period of extremely low volatility.
A smaller wedge is forming within this structure.
A bullish spark is likely going to break this smaller wedge.
ZCASH.USDT (Y20.P5.E1).Stalking the 2hrly.Hi,
As BTC drops, the ALTs all pulling back to potentially a nice setup to the upside.
This one on the 2hrly is so far winding up.
If however BTC drops that key level of 18850, then its no good.
Lets hope BTC dominance stays below this yellow level.
There are many doing this, to list a few.
Bitcoin
Bancor
Waves
BTC dominance:
Regards,
S.SAri
WAVES 8 HRLY
BANCOR 8 or 12 HRLY
Reversal pattern still forming supports & resistances to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Bancor (BNT) Does 85% Correction, Going Back Up?When the altcoins retrace, we normally see prices finding support at the 0.786 Fib. retracement level of the current wave.
Here we are looking at BNTBTC and we can see that 85% of its price peak value is gone... Will prices now go higher or continue to drop?
As this drop took place, we are seeing now a bounce, very strong bullish divergence with the MACD and RSI, and a break above EMA10.
All these can indicate that the retrace might be coming to an end...
On the other hand, if Bitcoin (BTCUSD) prints a strong drop, BNTBTC might go to the last support level before its next bullish jump.
Something is certain, the bearish wave is coming to an end... The bulls will jump in once more.
Namaste.
Bancor to the Core. BNTUSDBancor is moving up again with ample evidence. As always, target in green, invalidation in red. Let's roll. Don't be stupid, this is not financial advice.
BNTUSDT Trading Set-upAfter I closed my position on BNT I wanted to share my view on that. This is not a tradable option yet, I'm just underlining the possible path. My intension here is to be able to trade the bottom but most probably it will develop a different bottom than I drew on the chart. Not just the bottom actually, the whole path will differ but the idea is catching the falling knives as usual with some leveraged position.
BNT.USDT (Y20.P4.E3).Don't miss out.Hi,
*** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable ***
Link supplied below:
Keeping it short and to the point. I entered in the bottom formation and now I wished I bought more.
We can see a nice Inverse H&S took place and the target has confluence with previous support and resistance levels;
If you missed out, this pullback will be shallow as per my chart so don't miss out on the 4 HRLY.
Enjoy,
S.SAri
2 Day chart looking positive
Macro view
Weekly chart, gaining momentum but not there yet. Need to see the RED rsi above 50%.
PREVIOUS POST (Note Mistake on the title, BNB should have been BNT
BANCOR is DeFi Bottomed out ?!!!The chart explain everything!
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Bancor (BNT) Starts To Move Forward (60% Until Next Target)BNTBTC (Bancor) is now gaining bullish momentum together with Bitcoin (BTCUSD) and many other altcoins.
Things are starting to look better and better.
Here, BNTBTC found support at the 0.786 Fib. retracement level, just below MA200/EMA300, and now momentum is building as prices are moving up...
Additional bullish action can follow.
The next target is marked on the chart...
This is an easy 60% ... There is always more.
Namaste.
BNB.USDT (Y20.P4.E2).Macro.Timing for entranceHi All,
Another crypto that is holding up strong with good macro form.
Based on the indicators, fib level, and structure so far, has a potential re-accumulation structure to go long.
Note:
> Moving averages on the daily, will act as resistance;
> 0.5 fib pullback ;
> MACD has not passed the zero level;
> Phoeix rsi's showing bullish formation on the daily, above 50%;
> Current resistance levels;
> Assumption of a bottom formation, even if BTC drops, the bottom trend line would likely be the next lower high;
> Potential inverse H&S;
Hence waiting to see what BTC does (refer to my previous post for my thesis), need to see it hold the critical level and pass the obvious resistance.
So far, its all planning at this stage, stalking.
Please give me a like or tick for this post.
Regards,
S.SAri
12 HRLY chart, note the EMA's, crossing over as well, potentially acting as support
Daily chart: William alligator indicator, another sign of a potential support level