Bancor (BNT) to $8On 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