BANDBTC - UPDATE: Following Papa LINK?
Updated
I took a look at BANDBTC a little while ago, we had some interesting moves today.
Market in general was pumping, BAND had some good movement.
Let's have quick recap, plus some things I'm seeing.
There's a decent chance she'll swing back down to support, if LINK or BTC decides to drop rapidly for example. But if LINK holds strong above $10 I think we can confidently say BAND will keep moving, maybe after a little correction down.
Closest indicator to it retesting would be the Stoch is getting high.
Invest at your own risk here, I'm just speculating.
TP's:
#1- 0.00075
#2- 0.0009
SL: Just below prior support. If she breaks it'll be down to the next historic support likely.
--
“Test fast, fail fast, adjust fast.” — Tom Peters
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Market in general was pumping, BAND had some good movement.
Let's have quick recap, plus some things I'm seeing.
- We're in a downward channel since the highs just before the dump.
- We had hit what seemed to be the first solid support in a while. Though no real historic claim to that.
- BAND tends to follow LINK. They are both security protocols, I think a lot of people conflate the two.
- EMA 100 was bounced back to nicely today.
- MACD looking like a healthy cross with some greens sprouting. Ripe for action.
- Stoch is building, but not quite at overbought yet.
- decreasing sell volume the last few red days.
There's a decent chance she'll swing back down to support, if LINK or BTC decides to drop rapidly for example. But if LINK holds strong above $10 I think we can confidently say BAND will keep moving, maybe after a little correction down.
Closest indicator to it retesting would be the Stoch is getting high.
Invest at your own risk here, I'm just speculating.
TP's:
#1- 0.00075
#2- 0.0009
SL: Just below prior support. If she breaks it'll be down to the next historic support likely.
--
“Test fast, fail fast, adjust fast.” — Tom Peters
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Note
It may be hitting it's bounce now. If the market doesn't dump tomorrow retest has a good chance.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
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