BNTUSDT trade ideas
BNTUSDT 200% Potential!BNTUSDT Technical Analysis Update.
BNT/USDT has been ranging for the last 500 days, we can expect a good up move once breakout confirms.
Buy zone : Below $0.64
Stop loss : $0.54
Take Profit 1 : $0.635
Take Profit 2 : $0.89
Take Profit 3 : $1.25
Take Profit 4: $1.95
Always Keep Stop Loss
Thanks
Hexa
BNT horizontal double topBNT clearly created horizontal double top on 1hr TF and if 1hr candle closed before the green line again will make sellers come in and sell massively/slowly to 4hr demand zone as indicated on the chart….. Wait closely and make action to short immediately it closed below it and retest on 1hr TF…
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BNT │ 12.10.2023BINANCE:BNTUSDT.P
Signals for level breakout
bar/candles closure near the level;
bar/candles closure near its high/low;
close retest of the level;
the instrument gradually approaches the level;
accumulation of energy for level breakout;
consolidation near the level;
decrease in trading volumes before the level;
there is no reaction to a strong instrument movement;
no response to a false level breakout;
there is a reserve of calculated ATR;
there is a reserve of technical ATR;
Trade Parameters
Open : 0.50426;
Stop loss : 0.50597;
Take profit :
0.49912;
0.49741;
0.49570;
Disclaimer
Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
BNT/USDT Reject on the demand. The next Pump is coming! 💎 BNT has certainly piqued our curiosity. After a robust surge, breaking past the supply accumulation zone, BNT faced a setback at a formidable supply region, leading it to swiftly retrace to the demand zone between $0.5 and $0.48.
💎Following this retracement, BNT showcased bullish candlestick patterns, hinting at a potential upward continuation and successfully surpassing nearby resistance. For potential entry points, it's advisable to monitor BNT's behavior upon retesting the support, preferably on shorter time frames like 1h-4h.
💎 On the flip side, if BNT exhibits a false breakout and settles below the current support, it might retrace back to the aforementioned demand zone. This zone plays a pivotal role in preventing BNT from slipping back into its accumulation phase. However, if BNT fails to hold its ground within this demand zone, there's a likelihood of it descending further towards a more substantial support region.
BNT is still fallingAfter the sharp rise on the chart where I wrote "strong sell", the whales sold a lot of this symbol and the symbol has entered the correction phase.
After the drop it is now resting to drop more.
I specified the location of supply and tp, and I also specified the invalidation level, that closing a 4-hour candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#BNTUSDT.P - GAME OVER HONEY :)#BNTUSDT.P was undoubtedly our beautiful coin that earned us yesterday. Today I intend to send him to the bottom to say goodbye to him by making the last golden strike. During the day, the 0.51-0.49 levels I mentioned in my previous analysis were tested. Therefore, we can say that this was the end of the road for #bntusdt.p. Because this region is where strong sellers are waiting and patient to enter the cycle. Therefore, it would not be wrong to say that the 0.52-0.5180 levels are a very good point to say goodbye to #BNTUSDT.P in the range of 0.45-0.42. hopefully our expectations will come true.
Good luck!
None of my statements are investment advice.
BNT THE FIRST COIN THAT CAN SHOW EXPLODE in 2023Thank you for taking the time to read our update. Please remember that this is not trading advice.
We are familiar with the cryptocurrency market, where some coins appear to increase in value but eventually return to their initial levels. This is why many cryptocurrencies are considered risky, as they often lack a consistent upward trend in their price cycles.
Could BNT be the first coin to establish a sustained increase, reaching $1 or even $3? This is precisely what we will be monitoring in the near future. However, this can only happen if BNT can maintain stability on a weekly time frame, which is something we need to confirm.
If BNT follows a pattern similar to that of large investors (whales) and experiences a significant increase in trading volume, it may have the potential to become one of the best-performing coins in 2023, with unexpected price growth. For now, it's a coin that we are closely watching.
#BNTUSDT.P - That's Enough !!#BNTUSDT.P was the coin on my radar today. Although the breakthrough has not yet arrived, it seems that it has not reached sufficient volume to continue on its upward path.
My expectation is as follows; The price rises to the 0.5780-0.58 band and falls rapidly to the 0.51-0.52 region in 2-3 candles with the hard sale from that region. Of course, if it closes directly under the trend I show in red without entering the region I indicated in white, this is a clear sales signal and our target zone will be the 0.51-0.52 region I indicated in yellow.
Good Luck !!!
None of my statements are investment advice!!!
BNT Unlocking Potential: The Perfect Entry Point for Profits**Short Fundamental**
Bancor is a decentralized exchange protocol that allows users to trade tokens without the need for a central order book. Bancor uses a system of liquidity pools, which are groups of tokens that are locked together and used to facilitate trading. The Bancor Network Token (BNT) is the native token of the Bancor protocol and is used to incentivize liquidity providers and to pay for transaction fees.
**Recent News**
* On September 29, 2023, Bancor announced the launch of its V3 protocol. The V3 protocol includes a number of new features, such as support for multiple blockchains, improved liquidity pools, and new trading pairs.
* On October 4, 2023, Bancor announced a partnership with Ledger, a leading hardware wallet provider. The partnership will allow Ledger users to access the Bancor decentralized exchange and trade tokens directly from their Ledger wallets.
**Disclaimer**
This is not financial advice. Please do your own research before investing in any cryptocurrency.
BNT Looking BullishBNT UPDATE: We really can’t stop what is coming on BNT…This chart is actually weekly TF chart and as we can clearly see that BNT have been accumulating for for weeks now and still can’t make it out of 0.6101 and any weekly candle close about this certain price will bring us to next resistance on weekly TF which is around $2 and weekly OB is at $2.5…. I will advise we don’t take short on this trade yet because weekly and daily candle closure tonight will let us know where next is BNT going…. Wait, let me share you guys daily chart as well for better understanding
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Another position for Short on BNT tokenIt is going through its downward trend and good conditions have been prepared such as:
Pullback to the downtrend line
Pullback to the 200-day simple moving average line
And pullback to the buy order block area
Risk to reward is about 4
Note: You can also draw a downward trend line on the RSI indicator, which can be a confirmation of the above analysis.
Brief Analysis ——BNTToday we have selected two tokens with high trading volume from the tokens listed on Binance for a brief analysis. They are AKRO and BNT.
BNT has experienced more than a year of fluctuation, and the price has always remained below the red line. Recently the price rose, approaching the red line. Moreover, the trading volume was significantly greater than the previous average level, and the volatility increased. But when the price approaches the red line, the bearish power increases clearly. The previous gains was almost covered by the next red candle. These candles was accompanied by upward pin-bars. Even if a long green candle appeared yesterday, it is still possible for a long red candle to form and cover it today. BNT maintains fluctuation on a large scale.
Conclusion: Mostly fluctuation. While the bulls have kept the price close to the highs, the strengthening of the bears is significantly . The possibility of a direct drop is low. So we draw this conclusion. We set resistance level at 0.63 and support level at 0.41.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.