BNT/BTC - Bancor: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $BNT / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00001319 | 0.00001361 | 0.00001427, and the major support zones can be found at 0.00001253 | 0.00001229 | 0.00001163. Consider entering at the current price zone of 0.00001799 and targeting higher levels.
◰◲ General info :
▣ Name: Bancor
▣ Rank: 279
▣ Exchanges: Binance, Huobipro, Poloniex, Bittrex, Kraken, Hitbtc
▣ Category/Sector: Financial - Decentralized Exchanges
▣ Overview: Bancor is a decentralized exchange (DEX) built on the Ethereum and EOS blockchains. The Bancor protocol employs an automated market maker (AMM) smart contract to facilitate token trades against token liquidity pools without matching buyers and sellers. It has a built-in token called BNT that serves as the common price token to fulfill trades among other smart contract tokens. A portion of total trading fees are distributed to Liquidity Providers, or LPs, that deposit tokens into Liquidity Pools. Trading fees also protect user deposits from Impermanent Loss while minted and burned BNT supply maintains the constant market function for continuous token pricing. While Bancor already exists on Ethereum and EOS, it can be integrated into any smart contract-enabled blockchain to provide cross-chain liquidity.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001799 ₿
▣ 24HVol: 121.240 ₿
▣ 24H Chng: 23.813%
▣ 7-Days Chng: 35.80%
▣ 1-Month Chng: 37.51%
▣ 3-Months Chng: 14.85%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001319 | 0.00001361 | 0.00001427
◢ Support: 0.00001253 | 0.00001229 | 0.00001163
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 2.77
▣ Last 90D: 1.00
▣ Last 1-Y: 0.41
▣ Last 3-Y: 0.15
◲◰ Volatility :
▣ Last 30D: 1.84
▣ Last 90D: 1.14
▣ Last 1-Y: 0.84
▣ Last 3-Y: 1.12
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.49 - Bearish
▣ Reddit sentiment score is 0.54 - Bullish
▣ In-depth BNTBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Bntbtclong
$BNT/#BTC [#Bancor]: Resistance_Breakout_Confirmation◳◱ We've detected a Resistance Breakout and Confirmation on the $BNT / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.0000207 | 0.00002143 | 0.00002306 and the major support zones are respectively at 0.00001907 | 0.00001817 | 0.00001654. We may consider entering a trade at the current price zone at 0.00002045 and targetting higher levels.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00002045 ₿
▣ 24HVol: 4.624 ₿
▣ 24hChng: 0.988%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0000207 | 0.00002143 | 0.00002306
◢ Support: 0.00001907 | 0.00001817 | 0.00001654
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.44 - Bearish
▣ In-depth BNTBTC technical analysis on Tradingview TA page
www.tradingview.com
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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BANCOR Area to WatchResistance curve is possible
May lead to a rejection and a fall out of the trend
Watch area in circle for direction, I am neutral
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.
BNT.BTC (Y20.P4.E1).Stalking for the next entranceHi,
Just a heads up, Bancor did it once and its likely to do it again.
Keep an eye on it as the formation is so far neat and the indicators keep getting bullish divergences.
There is no setup to consider entering yet, but when it gets to the level, then we have the next piece of the puzzle.
Currently is only planning stage.
It's like when BTC finds an area to slow down and consolidate, then like many ALTS will find the moment to break to the upside.
First target's like 40% gain.
Cheers,
S.Sari
PREVIOUS POST: I made no trade in it at all. So maybe this time I'll time it.
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/BTC (Mini Uptrend?)BNT/BTC
-Cross Ultimate Indicator last signal is Long on May 18
-the price went up over 170%
-retest the Moving Averages and went up another 19%
-if this mini-trend will continue rising
-the recent top is our target at 8777s
-tight stoploss should place under 6800s
BANCOR / BTC Trade IdeaBANCOR seems to have some more room to grow after the breakout from the bull flag.