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BNTUSDT trade ideas

BNT.USDT (Y20.P6.E1).Looking for an entryHi all, Bancor has performed well in the past and with this uptrend can probably have more left in the tank. It did hit its target based on the spanning wedge formation but since the bulls are running the show with BTC...it might have some opportunities while BTC looks to break up once more. Potentially the mid 24Ks. For now, stalking this level on the 1 HRLY...looking for a bullish formation or bullish candle on the 8 hrly. All the best, S.SAri 1 Day chart....note the confluence of the fib levels and support\resistance. Weekly chart, still has upward pressure based on the Phoeix indicator, even though the weekly candle has that reject wick. PREVIOUS POST on Bancor
by ssari
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
Long
by ssari
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. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
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