Free Bancor Governance Token (VBNT) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Neutral Neutral Hold
Last Update / Period
08 Oct / Daily
Category/Currency
Cryptocurrencies/USD
Exchange/Country
CCC/--

Bancor Governance Token (VBNT) signal with technical analysis on 08 Oct

On 08 Oct, we conducted a comprehensive technical analysis of Bancor Governance Token (VBNT), considering 256 signals with intricate details. Here are the key findings: 65 signals suggested buy strategies, while 71 indicated sell strategies. The remaining 120 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 6
Sell Signals: 24
Neutral Signals: 34
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 11
Sell Signals: 21
Neutral Signals: 32
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 20
Sell Signals: 15
Neutral Signals: 29
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 28
Sell Signals: 11
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 65
Sell Signals: 71
Neutral Signals: 120
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Bancor Governance Token (VBNT) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Bancor Governance Token (VBNT) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Bancor Governance Token (VBNT) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Bancor Governance Token (VBNT) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 1.96% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Bancor Governance Token (VBNT)** holdings.

Bancor Governance Token (VBNT) Price Analysis and Support Levels:

In our current Bancor Governance Token (VBNT) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 0.499 We are closely monitoring the price at the first support level of 0.499, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 0.497 If the first support level at 0.499 is broken, the second support level at 0.497 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 0.486 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 0.486 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Bancor Governance Token (VBNT). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Bancor Governance Token (VBNT) technical analysis chart

Bancor Governance Token (VBNT) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.547 0.568 0.579 0.622 0.723
Support 0.499 0.497 0.486 0.472 0.382
 Bancor Governance Token (VBNT) Support and Resistance area (08 Oct)

Bancor Governance Token (VBNT) signals list for 08 Oct

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Bancor Governance Token (VBNT) candlestick patterns on 08 Oct

Today's Bancor Governance Token (VBNT) Candle Patterns List:

Bancor Governance Token (VBNT) technical analysis over the past days

# Date Overal Signals ALL Signals
1 07 Oct Hold HoldNeutralNeutralHold
2 06 Oct Hold HoldNeutralNeutralHold
3 05 Oct Neutral HoldHoldHoldHold
4 04 Oct Neutral HoldSellHoldHold
5 03 Oct Hold NeutralNeutralHoldHold
6 02 Oct Buy HoldNeutralHoldHold
7 01 Oct Sell SellHoldHoldHold
8 30 Sep Hold NeutralHoldHoldHold
9 29 Sep Hold HoldHoldHoldHold
10 28 Sep Hold HoldHoldHoldHold
11 27 Sep Hold HoldHoldHoldHold
12 26 Sep Hold HoldHoldHoldHold
13 25 Sep Hold HoldHoldHoldHold
14 24 Sep Buy BuyBuyBuyBuy
15 23 Sep Sell SellNeutralNeutralNeutral
16 22 Sep Hold NeutralHoldNeutralNeutral
17 21 Sep Hold HoldHoldHoldNeutral
18 20 Sep Buy HoldHoldBuyNeutral
19 19 Sep Buy BuyBuyNeutralNeutral
20 18 Sep Hold NeutralNeutralNeutralHold
21 17 Sep Hold HoldNeutralNeutralHold
22 16 Sep Sell SellNeutralSellHold
23 15 Sep Sell NeutralNeutralNeutralHold
24 14 Sep Hold HoldNeutralNeutralHold
25 13 Sep Hold HoldNeutralHoldHold
26 12 Sep Hold HoldNeutralHoldHold
27 11 Sep Hold NeutralHoldHoldHold
28 10 Sep Hold NeutralHoldHoldHold
29 09 Sep Hold NeutralHoldHoldHold
30 08 Sep Hold HoldHoldHoldHold

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