Bancor is my favorite defi play. I bought in 2 months ago (take my word for it?) because no one was really talking about it and it seemed undervalued. This project survived the most recent bear market and continues to innovate.
It would be pretty bearish IMO if we closed below the nice support that we've built there, but the BTC pair can easily double from...
I think Bancor looks super bullish with its chart setup, but Im also leaning on a breakout for Banor because of its continued protocol usage growth, measured by the growing daily generated protocol fees and this is especially true when compared to similar DEXes fees generated to market cap...
also, if ethereum wallet activity is any indicator, the increased...
Looks rather bullish
Strong movement upwards following the transition out of 1.618
Linking my fib circle guide for those new to the circle
Also my speculative idea - Fibonacci waves
Hope these helps...
Bancor has broken out from a larger falling wedge after a period of extremely low volatility.
A smaller wedge is forming within this structure.
A bullish spark is likely going to break this smaller wedge.
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...
This is only for a small trade with a nice upward trend and structure for Bancor, looking to enter a small long and see where it takes me.
Note: 20/50 EMA (ribbon) has confluence on previous resistance as well as a boost with the fib. levels (cradle setup).
Risk in liquidity, so don't invest large.
Afer a 14x rally from its all time low on 13 february, BNT is loosing momentum and buying strength.
The candles are going lower and weaker, after the long wick candle.
The retracement targets are:
I`ll put a buy order at fib 0.618.
it usually tends to touch that support before bouncing up.
If you are interested to try some...
BANCOR is trying to breakabove inside a smaller falling broadening wedge which resides in a bigger one. If it can break above the 0.382 FIB level with CONFIRMED volume, it can make a S/R flip towards targets.
BNT hit the all time low on December 18.
To mark my Reversal Strategy I see these:
1) Triangle Formation (It has tested its Support Level)
2)Previous Trendlines (It has just tested previous trendlines, we will see bearish price action before reversal)
3) EMA10 Contesting (Potentially forming a upward curve, Hint for Bullish Scenario)
4)Bullish Divergence on RSI,...
Bancor wallet allows staking, which is the same reason that pumped WAN two days ago. This may start POS euphoria that will pump all coins with POS protocol. Low volume coin, so hard to get in - orders may hang there for a while. And don't trade too much with it.
Buy on dip. Right now with unstable BTC not the best moment.
Bancor may have bottomed out. Certainly hit ATL. I will be entering with a stop loss, but I'm giving it some wiggle room.
4hr TK cross inside cloud so this could go either way... But hey, no risk NO reward.
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the...
. Bancor/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
. There is a possibility of temporary retracement to suggested support zone (0.00015100 to 0.00013800). if so, traders can set orders based on Price...