Bancor (BNT) token formed bullish Gartley for upto 44.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Bancor (BNT) token with US Dollar pair.
On a daily time frame, GLMR has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Bancorusdt
BNTUSD Analysis / ThoughtsThe previous transition through Fibonacci levels shows bullish activity as it passes through
Price is currently at another transition point which may also produce bull activity if the trendline hodls, I am acknowledging both scenarios.
The major trendline merged with another line produces a rising wedge, which is a bearish pattern
Also the potential Head and Shoulders pattern that can be illustrated arises which supports the bear move
BNTUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
Bancor (BNT) Trading Setup & MomentumWhat Is Bancor (BNT)?
Bancor consists of a series of smart contracts that manage the on-chain conversion of tokens. The protocol makes it effortless and quick to convert tokens without having to go through an exchange. The protocol's smart contracts manage the liquidity pools that connect various tokens available in the network.
The major token used on the network is the “Bancor Network Token,” BNT. Currently, Bancor and Uniswap are the frontrunners for this new DeFi trend.
Who Are the Founders of Bancor?
Bancor was founded by Eyal Hertzog, Yudi Levi, and Galia and Guy Benartzi in 2017. It was named "Bancor" to honour John Maynard Keynes, who came up with the word 76 years ago to describe a supranational currency.
Eyal Hertzog is the product architect of the protocol, BNT, and other products that utilize the network. He is a known voice in the crypto industry and has been a technology entrepreneur for over 20 years. He previously founded MetaCafe, a top video sharing site in Israel with over 50 million users.
Guy Benartzi is the chief executive at Bancor. He also co-founded Mytopia in 2005, a company that develops cross-platform games for users on social networks.
Galia Benartzi has been a technology entrepreneur for many years, and is a co-founder of the Bancor protocol. At Bancor, she is the business developer. She is also the CEO and founder of Particle Code.
Yudi Levi is the CTO at Bancor. He has been a technology entrepreneur for over 20 years. He previously co-founded AppCoin, an app that allows communities to create their own currencies.
What Makes Bancor Unique?
Bancor enables the seamless conversion of tokens used in the network. This removes the need for an exchange or third-party platforms. The protocol also maintains several self-governing pools for tokens supported by the network.
The uniqueness of Bancor is in their goal to create liquidity for altcoins and to remunerate liquidity providers. The protocol monotonously converts various crypto tokens into other tokens, including those running on other blockchains, without the interference of a third party.
BNT, the protocol’s main token, is the default for all smart tokens created on the network. Bancor’s creation of smart tokens is the first of its kind to be built via blockchain technology. The protocol’s main objective for creating smart tokens is to provide a lasting solution to liquidity problems, hence making it different from other market makers.
Why trade this?
I consider Bancor a top project and there's nothing that can make me change my mind. You can have set up of :
1. Either wait for the breakout of R1 explained in the chart.
2. Trade in the channel and wait for the breakout to happen, and it will, at a point.
Current closed trades (with success!):
February-March:
Chiliz
Digibyte
BAT
SC #1
SC #2
SC|BTC
March-April:
StormX
Perlin
ETC
DOGE
April-May (Open Trades):
OMG
NANO
BNT
For details comment at any time!
Don't forget to hit the like and follow button if you find this helpful!
Chartomatic
BANCOR or BANKher? 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 investment from Large ETH wallet addresses into BNT during this recent market mini-correction (many big purchases at $5/BNT) could be important...I will be leaning bullish breakout, but still watching BNTUSD for any bearish price breakdown due to a breakdown in the price of Bitcoin or the BNT/BTC ratio... will update this after we get a clearer price direction but I linked a Crypto Fees site below if you want to monitor BNT daily fees and/or compare to the other top used protocols in DeFi.
Crypto Fees: There's tons of crypto projects.Which ones are people actually paying to use?
The site is pretty simple, just the title above and below it, a list that updates everyday with the 1 day fees and the 7 day avg fees for the top used protocols (according to fee generation) imo this is a great tool to monitor current DeFi protocol fee generation while also staying on top of any new protocols that quickly climbs up the fees list due to increased protocol usage and fee generation. hope this helps, cheers!
cryptofees.info