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BNTUSDT trade ideas

BNT is still fallingAfter the sharp rise on the chart where I wrote "strong sell", the whales sold a lot of this symbol and the symbol has entered the correction phase. After the drop it is now resting to drop more. I specified the location of supply and tp, and I also specified the invalidation level, that closing a 4-hour candle above this level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
1
#BNTUSDT.P - GAME OVER HONEY :)#BNTUSDT.P was undoubtedly our beautiful coin that earned us yesterday. Today I intend to send him to the bottom to say goodbye to him by making the last golden strike. During the day, the 0.51-0.49 levels I mentioned in my previous analysis were tested. Therefore, we can say that this was the end of the road for #bntusdt.p. Because this region is where strong sellers are waiting and patient to enter the cycle. Therefore, it would not be wrong to say that the 0.52-0.5180 levels are a very good point to say goodbye to #BNTUSDT.P in the range of 0.45-0.42. hopefully our expectations will come true. Good luck! None of my statements are investment advice.
Short
by Binanciega
BNT THE FIRST COIN THAT CAN SHOW EXPLODE in 2023Thank you for taking the time to read our update. Please remember that this is not trading advice. We are familiar with the cryptocurrency market, where some coins appear to increase in value but eventually return to their initial levels. This is why many cryptocurrencies are considered risky, as they often lack a consistent upward trend in their price cycles. Could BNT be the first coin to establish a sustained increase, reaching $1 or even $3? This is precisely what we will be monitoring in the near future. However, this can only happen if BNT can maintain stability on a weekly time frame, which is something we need to confirm. If BNT follows a pattern similar to that of large investors (whales) and experiences a significant increase in trading volume, it may have the potential to become one of the best-performing coins in 2023, with unexpected price growth. For now, it's a coin that we are closely watching.
Long
by SatochiTrader
1
#BNTUSDT.P - That's Enough !!#BNTUSDT.P was the coin on my radar today. Although the breakthrough has not yet arrived, it seems that it has not reached sufficient volume to continue on its upward path. My expectation is as follows; The price rises to the 0.5780-0.58 band and falls rapidly to the 0.51-0.52 region in 2-3 candles with the hard sale from that region. Of course, if it closes directly under the trend I show in red without entering the region I indicated in white, this is a clear sales signal and our target zone will be the 0.51-0.52 region I indicated in yellow. Good Luck !!! None of my statements are investment advice!!!
Short
by Binanciega
1
BNT Unlocking Potential: The Perfect Entry Point for Profits**Short Fundamental** Bancor is a decentralized exchange protocol that allows users to trade tokens without the need for a central order book. Bancor uses a system of liquidity pools, which are groups of tokens that are locked together and used to facilitate trading. The Bancor Network Token (BNT) is the native token of the Bancor protocol and is used to incentivize liquidity providers and to pay for transaction fees. **Recent News** * On September 29, 2023, Bancor announced the launch of its V3 protocol. The V3 protocol includes a number of new features, such as support for multiple blockchains, improved liquidity pools, and new trading pairs. * On October 4, 2023, Bancor announced a partnership with Ledger, a leading hardware wallet provider. The partnership will allow Ledger users to access the Bancor decentralized exchange and trade tokens directly from their Ledger wallets. **Disclaimer** This is not financial advice. Please do your own research before investing in any cryptocurrency.
Long
by MoonTradingForecast
BNT Looking BullishBNT UPDATE: We really can’t stop what is coming on BNT…This chart is actually weekly TF chart and as we can clearly see that BNT have been accumulating for for weeks now and still can’t make it out of 0.6101 and any weekly candle close about this certain price will bring us to next resistance on weekly TF which is around $2 and weekly OB is at $2.5…. I will advise we don’t take short on this trade yet because weekly and daily candle closure tonight will let us know where next is BNT going…. Wait, let me share you guys daily chart as well for better understanding Follow for more market update
by MICHELXM
Brief Analysis ——BNTToday we have selected two tokens with high trading volume from the tokens listed on Binance for a brief analysis. They are AKRO and BNT. BNT has experienced more than a year of fluctuation, and the price has always remained below the red line. Recently the price rose, approaching the red line. Moreover, the trading volume was significantly greater than the previous average level, and the volatility increased. But when the price approaches the red line, the bearish power increases clearly. The previous gains was almost covered by the next red candle. These candles was accompanied by upward pin-bars. Even if a long green candle appeared yesterday, it is still possible for a long red candle to form and cover it today. BNT maintains fluctuation on a large scale. Conclusion: Mostly fluctuation. While the bulls have kept the price close to the highs, the strengthening of the bears is significantly . The possibility of a direct drop is low. So we draw this conclusion. We set resistance level at 0.63 and support level at 0.41. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
1
BNT (Bancor) Token Analysis 14/04/2021Fundamentals: Bancor consists of a series of smart contracts that manage the on-chain conversion of tokens. The protocol makes it effortless and quick to convert tokens without having to go through an exchange. The protocol's smart contracts manage the liquidity pools that connect various tokens available in the network. The major token used on the network is the “Bancor Network Token,” BNT. Currently, Bancor and Uniswap are the frontrunners for this new DeFi trend. Bancor enables the seamless conversion of tokens used in the network. This removes the need for an exchange or third-party platforms. The protocol also maintains several self-governing pools for tokens supported by the network. The uniqueness of Bancor is in their goal to create liquidity for altcoins and to remunerate liquidity providers. The protocol monotonously converts various crypto tokens into other tokens, including those running on other blockchains, without the interference of a third party. BNT, the protocol’s main token, is the default for all smart tokens created on the network. Bancor’s creation of smart tokens is the first of its kind to be built via blockchain technology. The protocol’s main objective for creating smart tokens is to provide a lasting solution to liquidity problems, hence making it different from other market makers. The protocol’s smart token allows traders to provide liquidity for the pools available on the network. Anyone can contribute liquidity to the pools. When liquidity providers contribute liquidity to a pool, they are eligible to receive rewards for trades that pass through the pool. Liquidity providers will receive pool tokens that represent a percentage of their total stake. Bancor was founded by Eyal Hertzog, Yudi Levi, and Galia and Guy Benartzi in 2017. It was named "Bancor" to honour John Maynard Keynes, who came up with the word 76 years ago to describe a supranational currency. Eyal Hertzog is the product architect of the protocol, BNT, and other products that utilize the network. He is a known voice in the crypto industry and has been a technology entrepreneur for over 20 years. He previously founded MetaCafe, a top video sharing site in Israel with over 50 million users. Guy Benartzi is the chief executive at Bancor. He also co-founded Mytopia in 2005, a company that develops cross-platform games for users on social networks. Galia Benartzi has been a technology entrepreneur for many years, and is a co-founder of the Bancor protocol. At Bancor, she is the business developer. She is also the CEO and founder of Particle Code. Yudi Levi is the CTO at Bancor. He has been a technology entrepreneur for over 20 years. He previously co-founded AppCoin, an app that allows communities to create their own currencies. In January, Bancor made a move to provide more liquidity and awareness for its native token. Therefore, it distributed some ETH/BNT valued at $60,000 into various wallets that were holding a required minimum of BNT. In 2017, the protocol raised more than $144M during its initial coin offering. The protocol allows other tokens to be liquidated as well. However, these tokens (also called reserve tokens) must comply with ERC-20 or EOS standards. Bancor ecosystem supports a two-way token model: liquid tokens and relay tokens. A liquid token is an automated token with a single reserve that mints and destroys itself. It does this either by sending the reserve token to its smart contract or removing it from the smart contract. In order to use Bancor Network, a liquid token must have its reserve token either in BNT or a derivative of BNT. On the other hand, relay tokens are used in staking to provide liquidity. The token holders will get a percentage of the future earnings of Bancor. Relay tokens indicate the proportion of amount staked to the total value in the pool. As at the time of this writing, Bancor has facilitated over $2 billion trades involving several tokens, as well as cross-chain tokens. The network has made millions through staking, which are distributed to BNT token stakers. Several exchanges that support BNT include Binance, Coinswitch and ZenGo The live Bancor price today is $7.13 USD with a 24-hour trading volume of $132,660,982 USD. Bancor is up 2.30% in the last 24 hours. The current CoinMarketCap ranking is #83, with a live market cap of $1,272,103,055 USD. It has a circulating supply of 178,430,973 BNT coins and the max. supply is not available. The top exchanges for trading in Bancor are currently Binance, Huobi Global, OKEx, CoinTiger, and FTX. Technical Analysis: The token has done its Initialization and accumulation phase followed by Some Move UP and Distribution. Currently this token is at the consolidation and Reaccumulation phase and it has very high chances of Repumping and start of its new Impulsive cycle. There are some chances that the price Falls to the Fibonacci Golden Level where it can Starts its New Rally from there. There are total of 3 Targets Defined by Fibonacci Projection where as we get the 3 TP confirmation as soon as the Price triggers the 2 Target followed by some Price Correction and retracement in the Parallels Leg zone of the same fib projection.
Long
by BitonGroup
10