What Is Bancor (BNT)?
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...
BNT is trying to conquer the 7$ zone and I think it can do it easily. After that BNT will keep moving up to 8.5$ and 10$ in this May.
-Buy: 6.85-7.15$. SL B
-Sell: 8.3-8.7$. SL A
-Sell: 9.75-10.25$. SL A
-Sell: 6.85-7.15$ if B. SL A
-Buy: 5.85-6.15$. SL B
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
i assume the descending trend line for BNTUSDT is valid. as you see, candles react to the trend line.
if it break upward the firs targets would be 7 and then 8
it' my first idea. i hope i progress over time
After 6 week consolidation the bancor protocol has finally broken out again. yesterday they revealed that they can now do limit orders on a DEX and you can provide single side liquidity without impermanent loss...
so basicly bancor tech is miles ahead than their competitors uni and sushi.
While the bancor marketcap is much lower.
my bags are fully packed, send...
I have this formation based on a fractal I TA'd and it makes sense for what I placed.
Getting it perfect is not the goal, anticipating key pivot points is a bonus if one was to look out for those change in directions.
Give it 2 days so get to the key levels.
All the best,