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
BNTETH
$BNT ALT SEASON PUMP | 136% Inbound?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
-
Support: 1328
Resistance: 2145, 2593, 3672, 4081, 5356, 7125
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-DCJ-
BNT/BTC (Test Old Support?)💎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 control of the market
-I recommend waiting for a proper breakout followed with a volume
-This reduces the risk and have proper stop loss location
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BNT/BTC (Temporary Top?)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 high
-Let's watch this zone if BNT will give us a trading opportunity
BNT Bancor breakout Bullish H4 - bntbtc bntusd bntusdt INTRADAYBNT Bancor breakout - Bullish H4 - bntbtc bntusd bntusdt bnteth
BNT/BTC (Temporary Bottom?)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 resistance
-ideal stop loss is below this green line support
BNT/BTC (Breaking Trendline Support?)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 knife
-or if you want to be safe
-you can just wait for the 4H trend reversal
-because it will signal that the downtrend is over
BNT/USDT (Strong Breakout)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 correction very soon
BNT/USDT TA Update (strong trend-line breakout)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 red flag yet, the bulls may start buying on the 1st pullback attempt before another leg up continues.
BNT Trading AdviceBuy 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 when you got some profit. I am sure, you will be get nice profit. Good Luck!
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BNTBTC Downtrend Over, Possible 5X+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 out)
We can also see that they are releasing a new website design and layout, below:
coinmarketcal.com
Stop loss can be set at top downtrending white line
Targets: Fib levels. mainly looking for a break of .382 and new ATH at around .786- 1 fib level.
Letting this run for a while, no point in taking short term profits for something with so much upside potential.
What is this Crypto with a minimum 100% upside? 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 any Ethereum token and convert it to any other token in the network, with no counter-party, at an automatically calculated price, using a web wallet.