Bancor (BNT) to $8

On the above 3-day chart price action has corrected 96% since the awesome sell signal back in March 2021 (not shown). Now is an excellent moment to be long. Why?

1) A break out from price action and RSI resistance as price action falls on historical support.

2) Multiple oscillators printing bullish divergence over a 7 week period. Amazing.

3) The target is $8. Some of you know why some of you don’t.

4) Unlike many projects around this market capital size ($56m) it is fantastic to see circulating supply matched by the total.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 20x minimum

Trade active

Comment:

GRM support confirmed.

Comment:

On GRM support. 60% upside on last confirmation.

Trade active

Comment:

now

Trade active:

Resistance fails. Support is under 45 cents.

Comment:

Support under 45 cents held very nicely. Textbook 90% flush out.

Trade active:

Following the flush out of weak hands price action is free to fly. A number of tokens over the last 48hrs saw weak hand flush outs, at least 20 by my count.

Comment:

Past resistance confirms support.

Trade active

Comment:

** target update **, now $12 not $8

Price action exited the wedge earlier than expected, this increases the cycle top target.

Comment:

2nd target update, now until $30.

This is a 3 week chart below with confirmed bull flag breakout. No doubt there shall be 30-40% corrections on the way up, plan for it.