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
BNTBTC
BANCOR Sketch with Fib LevelsFib extension levels
Within a rising broadening wedge
Will likely continue up above .618, currently sitting just below it
I expect it to smash this level
Bancor (BNT) Grows Together With Bitcoin... Next Target!We've reached a point where we are seeing Bitcoin grow at the same time the ALTSBTC pairs are also growing... This is the best!
I just shared a chart for BNTBTC recently but here we go again...
(Previous chart)
The bullish wave for BNTBTC started mid-May and went on for 1173% (Over 1070% of growth) in 84 days.
The bearish wave started in August after prices peaked and lasted 92 days.
We now have a volume breakout (strong volume coming in), bullish divergence with the RSI and MACD, and prices moving above EMA21... Signaling that there is more to come.
This new bullish wave can also last between 80-90 days... Maybe less, maybe more...
Regardless of how long it takes, we are likely to hit a higher high compared to the August top...
What this means is that BNTBTC has huge bullish potential in the coming weeks.
I am already fully loaded while enjoying double profits with both BTC and BNT growing together with me 😊
Thanks a lot for reading.
Thanks a lot for your support.
Feel free to leave a message with your favorite altcoin pair...
I will share the chart if it is looking bullish or the bulls are already in control.
Namaste.
Bancor (BNT) | So Many Bullish Signals... Look Inside!We have so many bullish signals on the Bancor (BNTBTC) chart... Let's have a look at those.
One of my original signals is the MA200 "magnet"... Prices tend to gravitate towards this line (black on the chart). As we see the MA200 line moving down, we see prices moving up.
We have the classic 3 white soldiers pattern (three consecutive green candles each on closing higher than the previous one).
We also have a volume breakout.
A big "W" pattern.
Prices trading above EMA10/21/50.
Bullish MACD and RSI.
We can expect additional growth.
Support can be found strongly at EMA10 and EMA50.
The next target is marked on the chart but can be mainly the EMA300 grey line at 0.00007426.
Remember, you need a well-developed plan/strategy to trade... This is not financial advice.
All the information shared here is your own learning and entertainment.
Thanks a lot for your amazing and continued support.
Namaste.
Bancor is following the plan quite perfectly 👏🚀I published this one on twitter back when it was at $2.45.
It's already up $150 since then.
Looking for more upside still. 🚀
Is market recovering? One more great trade is expected, wolves🔥
One more ascending triangle on a bigger frame now.
There was a strong bullish sentiment before. So now it may be a signal of continuation of bullish trend. However don't enter too early, wait for the breakout.
So follow the chart carefully and look for the best price to enter.
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And always remember: "we don't predict, we react".
BNT possible break out Consolidation has been going on in this wedge for while.
Breakout would confirm bullish momentum.
BNTBTCnot the easiest chart, just seems to have tapped the middle loomline
good volume and a double rounded adam and eve bottom
Bancor Fib Transition - CircleLooks rather bullish
Strong movement upwards following the transition out of 1.618
Linking my fib circle guide for those new to the circle
Also my speculative idea - Fibonacci waves
Hope these helps with any concerns regarding the circle, and subsequent transitions.
#BNT facing strong resistance #BNT/BTC
One of the top #DeFi project with very active development team - For now facing strong resistance
Keep an eye on it and buy after successfully breakout #BNT will pump hard🚀
BNTBTC | Potential long setupOpened a small long here. Adding more onto this upon retest of support after a clearer break-out.
Could offer a solid opportunity for decent returns.
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.
BNT/BTC (Bounce at Key Level Support?)💎Technical Analysis Summary💎
BINANCE: BNTBTC
-Bancor is dropping fast and now back at previous swing low support
-We can see a Bearish engulfing candle signaling a strong selling pressure
-This is not good in the short term because the Bulls are not showing any sign of strength
-It will be crucial for the next few days if BNT will bounce from here or not
-Always plan your trade and don't try to catch a falling knife blindly
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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.