Bancor (BNTUSD) has broken out of the triangle pattern in the daily chart.
https://s7.postimg.cc/m6uhlwvzv/nimet_n.png
(*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.
https://s7.postimg.cc/3v3u4pxmj/nimet_n3.png
(*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.
https://s7.postimg.cc/g9qm5ahhn/nimet_n4.png
(*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.
https://youtu.be/2d-J-Mo2pgU
(*Sources: https://about.bancor.network/ and [YouTube](https://youtu.be/2d-J-Mo2pgU)*)
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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"

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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".

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