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.

📈RED PLAN
-Buy: 6.85-7.15$. SL B

📉BLUE PLAN
-Sell: 8.3-8.7$. SL A -Sell: 9.75-10.25$. SL A

🟣PURPLE PLAN
-Sell: 6.85-7.15$ if B. SL A -Buy: 5.85-6.15$. SL B

❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
 Alert/Action  Notify at Price  Target Price  PnL  Timeline

Total PnL:

  • Bancor is a decentralized exchange protocol that allows for the creation of liquidity pools to trade assets.
  • Bancor is composed of smart contracts (called “liquidity pools”) designed to perform algorithmic token trades and pooling of on-chain liquidity. Supporting both ERC-20 and EOS tokens, Bancor implements a liquidity pool curve on both Ethereum and EOS networks.
  • Prices are determined by the reserve balance of coins deposited into the protocol, divided by the token's total supply multiplied by a reserve ratio.
  • BNT is the Bancor protocol token. When users create or stake in a Bancor pool, users are required to do so in equal values of ERC-20 token + BNT (or EOS token + BNT). It offers cross-chain conversions and positive network effects; it is also expected to be used for staking in Q2 2020.
  • On January 1st 2020, ETHBNT tokens were airdropped to BNT token-holders. ETHBNT tokens represent a Bancor pool token representing shares in the ETH:BNT liquidity pool i.e., these tokens collect fees from ETH-based conversions on Bancor.