BANCOR (BNT): An Opportunity to Farm for Cash

in #bancor4 years ago


Despite the deep retracement of Bancor (BNT) in the current correction since December, pattern shows a clear trend. The double rounded bottom formation provided the base to launch a massive, near vertical price rise. Price has also broken out of the wedge pattern. While a straight shot to an all time high is not in the cards, this breakout could provide a sizable rally, nevertheless.

MACD also escaped out of the symmetrical triangle and needs to turn up after this minor correction. The blue waves show an impulse price pathway that could potentially retrace 50% or so of the corrective decline. IF one had zero cash at hand, would this potential rally represent an opportunity to fram for cash?

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Thanx for the update.


@haejin, what are your thoughts on the exchange? Seems like low volume


Hello @haejin very interesting your post thank you for sharing, have a beautiful afternoon


It's the second time you mentioned the term "Farm For Cash", Would love to know what it meant?
Why are we "Farming" here and invest / speculate on other situations?
Thanks you


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