Bancor (BNTUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bancor began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 10 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 30. If this wave count is correct, Bancor should be heading next towards the January 10 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Bancor is currently in the red wave three (blue sub-wave iii). The red wave three began on November 12, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Bancor is a decentralized liquidity network that provides users with a simple, low-cost way to buy and sell tokens directly through their wallets. Crypto Beadles published a good video earlier this month about the project and what to expect.
(Sources: https://about.bancor.network/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bancor will takeout the January 10 peak"
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bancor will drop below the March 30 low".
If you think Bancor is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bancor will stay in a trading range between the March 30 low and the January 10 peak until June 2".
You can upvote the comment until 3 PM EST April 30 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Bancor will stay in a trading range between the March 30 low and the January 10 peak until June 2 (42 voters as of 3 PM EST April 30: helikopterben, gregory-f, soundmoney, glennolua, positivebalances, simonjay, misalen, thatsweeneyguy, mgood, cryptotem, steemit.nemesis, rothberg, steem-d-anlovnit, flemingfarm, toofasteddie, lucasgabd, starline, diogosantos, koskl, catchup, mirda, costanza, karadere, portillo, richard78624, coolthings, nicolaepavelean, harryp3, utkarshvarma, margaritaradkova, andy23, criptorafa, michaelluchies, neo-wiza, cmoljoe, ahinga, ragnaros, easymoney202, photoquote, askeb, heidelbaer, cata22).
You won.
Bancor will takeout the January 10 peak (26 voters as of 3 PM EST April 30: bleujay, steemquestions, lydon.sipe, revelationquotes, bentleycapital, me-tarzan, sanjay91422, allyouneedtoknow, fitinfun, bxlphabet, crokkon, me-do, mister.green, jznsamuel, vicspics, reconnectnature, jozef230, libert, kunschj, mihail.tsvetkov, galasek, faroel, cosminblaga, elisablogs, biyanoor, beiker).
Thank you for the information @maarnio.
Appreciate these posts and videos very much.
All the best to you and yours.
Cheers.
NB Appreciate the winnings and the resteems.
You are welcome bleujay.
Thanks for stopping by.
All the best to you as well.
Bancor will drop below the March 30 low (9 voters as of 3 PM EST April 30: sqlinsix, skepticology, freiheit50, barbadosso, poti, nordina, stalexmkl, photo-moment, gunsmithing).
These days, no matter which currency you put in, I strongly believe that it will take the January peak within next month because Consensus 2018 is scheduled in Mid May. So I am hoping to win every contest. 😊
Back comparing with dollar, I don't think this coin will grow 100% in the next month, the markets are looking great, but it is still to early to break the all time high.
Wonderful post ..thanks for sharing...Best of luck friend @maarnio
I can't participate your contest still i read every post on your blog @maarnio
Thanks syedquasim.
Let's hope you can get the necessary SP soon.
HI
I am forex Treder
Hey @maarnio, I enjoyed the story. Thanks for sharing! Nice post.
hey..@maarnio what is bancor its like bitcoin?or.something.other??? i want to know. If you dont mind..please explain me..if you have time..
Do you have time to watch the video?
sorry sorry..dont get angry.now i get everything .ok.i will watch this vedio .dear...
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