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Bancor

BTNUSDT Bullish ConfirmationBTNUSDT appears to be unveiling an ideal buying opportunity following a bullish breakout. Notably, the repeated respect for a key demand zone laid the foundation for the subsequent bullish momentum. The breakthrough above the downtrend trendline served as a second confirmation of the bullish sentiment, reinforcing the likelihood of BTN continuing its northward trajectory. The present pullback is unveiling an enticing risk/reward trade setup, presenting traders with a compelling proposition. With the potential for a substantial 122% upside, the current market conditions suggest a promising scenario for those considering entry into BTNUSDT.
Long
by CryptoPAMM
BNT can go upIt has had a sharp drop and the power of sellers has been reduced for some time. It has a support range inside bar which I marked with green color. We also have a Boolean mCH. The green range is a strong support and can move up by maintaining this range . Count on TP 1 more For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
BNT/USDT Reject on the demand. The next Pump is coming! 💎 BNT has certainly piqued our curiosity. After a robust surge, breaking past the supply accumulation zone, BNT faced a setback at a formidable supply region, leading it to swiftly retrace to the demand zone between $0.5 and $0.48. 💎Following this retracement, BNT showcased bullish candlestick patterns, hinting at a potential upward continuation and successfully surpassing nearby resistance. For potential entry points, it's advisable to monitor BNT's behavior upon retesting the support, preferably on shorter time frames like 1h-4h. 💎 On the flip side, if BNT exhibits a false breakout and settles below the current support, it might retrace back to the aforementioned demand zone. This zone plays a pivotal role in preventing BNT from slipping back into its accumulation phase. However, if BNT fails to hold its ground within this demand zone, there's a likelihood of it descending further towards a more substantial support region.
by MyCryptoParadise_Nathan
2
BNT (Bancor) Token Analysis 14/04/2021Fundamentals: 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 network is the “Bancor Network Token,” BNT. Currently, Bancor and Uniswap are the frontrunners for this new DeFi trend. Bancor enables the seamless conversion of tokens used in the network. This removes the need for an exchange or third-party platforms. The protocol also maintains several self-governing pools for tokens supported by the network. The uniqueness of Bancor is in their goal to create liquidity for altcoins and to remunerate liquidity providers. The protocol monotonously converts various crypto tokens into other tokens, including those running on other blockchains, without the interference of a third party. BNT, the protocol’s main token, is the default for all smart tokens created on the network. Bancor’s creation of smart tokens is the first of its kind to be built via blockchain technology. The protocol’s main objective for creating smart tokens is to provide a lasting solution to liquidity problems, hence making it different from other market makers. The protocol’s smart token allows traders to provide liquidity for the pools available on the network. Anyone can contribute liquidity to the pools. When liquidity providers contribute liquidity to a pool, they are eligible to receive rewards for trades that pass through the pool. Liquidity providers will receive pool tokens that represent a percentage of their total stake. Bancor was founded by Eyal Hertzog, Yudi Levi, and Galia and Guy Benartzi in 2017. It was named "Bancor" to honour John Maynard Keynes, who came up with the word 76 years ago to describe a supranational currency. Eyal Hertzog is the product architect of the protocol, BNT, and other products that utilize the network. He is a known voice in the crypto industry and has been a technology entrepreneur for over 20 years. He previously founded MetaCafe, a top video sharing site in Israel with over 50 million users. Guy Benartzi is the chief executive at Bancor. He also co-founded Mytopia in 2005, a company that develops cross-platform games for users on social networks. Galia Benartzi has been a technology entrepreneur for many years, and is a co-founder of the Bancor protocol. At Bancor, she is the business developer. She is also the CEO and founder of Particle Code. Yudi Levi is the CTO at Bancor. He has been a technology entrepreneur for over 20 years. He previously co-founded AppCoin, an app that allows communities to create their own currencies. In January, Bancor made a move to provide more liquidity and awareness for its native token. Therefore, it distributed some ETH/BNT valued at $60,000 into various wallets that were holding a required minimum of BNT. In 2017, the protocol raised more than $144M during its initial coin offering. The protocol allows other tokens to be liquidated as well. However, these tokens (also called reserve tokens) must comply with ERC-20 or EOS standards. Bancor ecosystem supports a two-way token model: liquid tokens and relay tokens. A liquid token is an automated token with a single reserve that mints and destroys itself. It does this either by sending the reserve token to its smart contract or removing it from the smart contract. In order to use Bancor Network, a liquid token must have its reserve token either in BNT or a derivative of BNT. On the other hand, relay tokens are used in staking to provide liquidity. The token holders will get a percentage of the future earnings of Bancor. Relay tokens indicate the proportion of amount staked to the total value in the pool. As at the time of this writing, Bancor has facilitated over $2 billion trades involving several tokens, as well as cross-chain tokens. The network has made millions through staking, which are distributed to BNT token stakers. Several exchanges that support BNT include Binance, Coinswitch and ZenGo The live Bancor price today is $7.13 USD with a 24-hour trading volume of $132,660,982 USD. Bancor is up 2.30% in the last 24 hours. The current CoinMarketCap ranking is #83, with a live market cap of $1,272,103,055 USD. It has a circulating supply of 178,430,973 BNT coins and the max. supply is not available. The top exchanges for trading in Bancor are currently Binance, Huobi Global, OKEx, CoinTiger, and FTX. Technical Analysis: The token has done its Initialization and accumulation phase followed by Some Move UP and Distribution. Currently this token is at the consolidation and Reaccumulation phase and it has very high chances of Repumping and start of its new Impulsive cycle. There are some chances that the price Falls to the Fibonacci Golden Level where it can Starts its New Rally from there. There are total of 3 Targets Defined by Fibonacci Projection where as we get the 3 TP confirmation as soon as the Price triggers the 2 Target followed by some Price Correction and retracement in the Parallels Leg zone of the same fib projection.
Long
by BitonGroup
10
BNTUSDT Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
Long
by hadimozayan
Bancor BNTUSDT - MASSIVE Ascending channel +1000% gains!- Bancor BNT Rank #90, Volume 24h $62,027,992 - On the chart we can spot a massive ascending channel (on the weekly chart). - Target is top of the channel or 1:1 fib extension. - Volume favors bulls and RSI Is also prepared fot the pump very soon! - Due to my Elliott Wave count, we are in the 5th super impulse wave. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
5