Banking on Bancor
Since the 153M ICO in June, Bancor has been in a more or less free fall; down from around 0.00144000 to as low as 0.00050000. It appears to be leveling out with a few large capitulation spikes, meaning initial investors are starting to give up after holding forever (3 months lol). The lower triangle seems to be building up towards the 71000 - 72000 level and once this level is solidly broken I would expect the uptrend to begin. Based on the amount of previous interest, this will easily garner new buyers with any sort of news or speculation. I would see the key resistance levels to be about 81000 and 100000. If these levels are broken, this coin could skyrocket. Let me know what you think if you agree or let me know if you disagree. Do your own research and good luck trading!
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