BNTUSDT trade ideas
BNT USDT LONGWe are in level 1, peak formation low was created yesterday. We have confirmation on 15 min time frame, that a huge long breakout long will come today / tomorrow.
Confirmation 1: tdi divergence
Confirmation 2: no visable trading range outside the asian box
Confirmation 3: Price stays above the 50 ema
Confirmation 4: 50ema and 200ema will cross each other
Entry 1.37
SL 1.28
TP 1.97
BNT.USDT (Y20.P5.E1).Don't miss out.Hi,
** A continuation of the previous post, and so far, accurate **
Revisiting this Banor coin that did well during the Defi surge.
It looks like it can do it again and I feel it won't pull back much, so look for the opportunity to reenter or enter.
I expect a retest of the bottom trend line support as per chart below, or the .382 fib level.
Cheers,
S.SAri
PREVIOUS POST
BNTUSDT4 hours overbought, but not touching 100.
News. Added in coinbase pro.
Short: @1.84
From flag. pattern.
Selling it & putting stop loss at down support.
BNT.USDT (Y20.P4.E4).Don't miss out.Hi All,
Bancor did well in the previous run, better than most as a defi.
For now, I have it ranging at this bottom level before it breaks up.
I will be looking for it to break the next Fib Level or trend line to be interested, it starts to break the down trend and hence provides interest.
For now, its still a down trend but the 0.618 fib level was where it got a strong reaction, so it might be the catalyst to break the down trend.
Hence why I'm interested only if it does a lower high and higher high.
Note the indicators:
Bottom on the daily found and starting to cross over on all indicators, showing upward pressure.
On the 3 Day chart, we have this. Not all indicators crossed over.
Cheers,
S.SAri
BNT 1D H&S + a new listing = the growth prospectsBancor is a networked liquidity protocol that supports automatic exchange across multiple platforms.
In the summer 2017 the developers attracted an abnormal $153 million to the project, with the help of ICO in just 3 days.
However, during 2018-2019, BNT lost value from a maximum of $10 to the minimum $0.11 in March 2020.
The project got its new lease of life in 2Q 2020, when it began to develop in the direction of the Defi sector. The price splash was x13-x15.
BNT is believed to become a major player in the future as it can efficiently handle trading volumes and convert blockchain assets into cash.
For the last 3 months, BNT price has been forming an Inverted Head and Shoulders reversal pattern.
Yesterday, there was a breakout of the base on very confident volumes, amid the news of the listing on 12/15/2020 on the Coinbase Pro exchange. As you remember, this happened recently with CVC.
We think that at this stage it is not worth waiting for an increase above $1.45-1.55.
Possible correction of this strong breakthrough to $1.15.
Although, if the reversal pattern works out well according to the TA canons, then we can safely expect that the BNT price will reach $1.77-1.80 in the near future.
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BNT/USDT - Long - Potential 11.32%***NEW TRADE SET UP"**
BNT/USDT - Long - Potential 11.32%
Optional Leverage: N/A
Entry- 1.0504
TP1(75%) - 1.1190
TP2- (25%) - 1.1693
SL- 0.9810
- BTC on 3rd retest imminent - Take profits when you can
- RR - 1.71
- Trailing Buy - 0.5%
- Trailing Profit - 1%
- Trailing Stop-Loss - No
BNT Inverse Head and ShouldersBNT Inverse Head and Shoulders on the Daily with a little bull pennant trying to breakout and finish the move. STOCH RSI starting to curve out of oversold territory.
BNTUSDT_DailyPrice: 0.69 USDT
ENTRY: 0.65-0.7
TP_LVL I: 0.85 USDT
TP_LVL II: 0.95 USDT
SL: 0.58 USDT
Expected Return: 40%
Risk/Reward: 0.26
BNT/USDT - Long - Potential 14.02%***NEW TRADE SET-UP***
BNT/USDT - Long - Potential 14.02%
Trade Set-Up Only:
N/A
Entry- 5756
TP1- 6995
TP2 - 7660
SL- 6272
Triggers;
- Secondary Break Up
- Rejection from local support
- Rejection from trend support
Notes;
- Alt market volume increasing
- Trailing Buy, TP & SL recommended
BNTUSDT Trading Set-upAfter I closed my position on BNT I wanted to share my view on that. This is not a tradable option yet, I'm just underlining the possible path. My intension here is to be able to trade the bottom but most probably it will develop a different bottom than I drew on the chart. Not just the bottom actually, the whole path will differ but the idea is catching the falling knives as usual with some leveraged position.
