Admittedly, when I previously published a Bancor chart on Sept 1, I got a little ahead of things. I have since been watching it since and it appears the previous capitulation spikes to 50,000 sats may have found the bottom. It has yet to break and appears the downtrend it has been in for the last couple months may have just broken. I am going to go out on a...
- Currently at alltime low - Accumulation phase been going on, continous sell walls keeping price low in the last weeks - Small test pump last night - Quiet some time no news about the project
Bancor, the protocol for Smart-tokens aiming to solve the liquidity problem. People are fooled by the market cap of coins in the cryptoverse, thinking that marketcap is representative of actual circulating supply. Truth is, mktcap is simply (PRICE) * (TOTAL SUPPLY) (which is the reason we got coins such as $XRP and $MOON on the top mktcap lists), but if you're...
Base on the Ichimoku cloud, the Tenkan and kijun is about to form a bullish in short term. Lets ride to 0.00064743
Since the $153M ICO in June, Bancor has been in a more or less free fall; down from around 0.00144000 to as low as 0.00050000. It appears to be leveling out with a few large capitulation spikes, meaning initial investors are starting to give up after holding forever (3 months lol). The lower triangle seems to be building up towards the 71000 - 72000 level and...
Bancor has just broken long term down trend. Buy if stable on the 6 hour cloud. Good strength on longer term RSI 12, 1 day & 3 day. Volume starting to come back in.
Compression on the way down, I expect some reactions
Ichimoku 4 hr has went bullish Bottomed out Good buy / investment here What is Bancor? Answer: Bancor a smart programmable token protocol with a built in automated market maker. Summary abstract from Bancor whitepaper. The Bancor protocol enables built-in price discovery and a liquidity mechanism for tokens on smart contract blockchains. These “smart tokens”...
Breakout of from falling channel could see a huge pump in these market conditions
BNT , resistant level and buy position
Ascending triangle forming on 6 hrs chart.... will see where it goes on the next days... good luck . Triangulo Ascendente en grafico de 6 hrs, veremos que pasa en los proximos dias, buena suerte.