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Band

Can LINK/BAND predict BAND dips, then uptrend?Recently it was brought to my attention how well LINK and BAND have come to be closely been correlated over the past few months). However, I have begun to notice an interesting wedge that has some particular peculiarities. For those who have not heard of LINK and BAND, Chainlink (LINK) and the Band Protocol (BAND) were both created in 2017 and are the two of the most well-known blockchain based oracle providers. For those who do not know what a "blockchain based oracle provider" is, it is roughly a means for cryptocurrency smart contracts to come to consensus in order to securely use reliable external data via APIs (I recommend a quick google search for a more thorough explanation). Chainlink was the first major oracle network to launch and is more widely used, but Band Protocol is the second largest and has branded itself as a cheaper, faster competitor in this space. As for the chart, as one can see, when one charts out LINKUSD / BANDUSD , an interesting wedge appears to have formed. Of particular interest, whenever the price of LINK has extended upward out of the wedge in this relationship (particularly during downtrends for bitcoin ), it has often indicated a dip in BAND that later triggers a reversal uptrend. As to whether this relationship continues is anyone's guess. I should especially note that since this pattern has also formed an ascending triangle , there is also the possibility that LINK might be "winning" in this relationship and this is indeed a breakout. This could hold especially true as well since Chainlink is built upon the Ethereum blockchain (ETH) which has recently been seeing historical highs, whereas Band Protocol is built on top of the Cosmos blockchain (ATOM). Hence, there is a good possibility as well that this "BAND trend" may be coming to an end. As always, this is solely my opinion and not at all meant as financial advice, but an interesting pattern nonetheless so please like or comment if you agree or have any opinions/facts that differ from the above.
BINANCE:LINKUSDLong
by crypto_trends
10
BANDThursday, 29 April 2021 18:55 PM (WIB) BAND also really interesting for me. From Exponential Moving Average (EMA) it is having strong direction for moving higher, that because all of the lines are getting closer together right now. This also confirmed after touched the Resistance and Support. Band has huge volumes for trades I thing, it was shown from the Bears volumes and the Bulls volumes. I need to watch and learn the movement from now on. It seems the price is on consolidation move to moving higher and higher from today. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
by RyodaBrainless
2
the target of the 5th wave of Elliott: $23, $37, or $52It is suspicious to cypher or shark harmonic patterns on $23 but also could form these patterns at $37 and $52 so I don't open long position till breakout of $23 and wait to it lost the uptrend support and then pullback to it to open short position. the targets of the slide have been determined with the assumption of the $23 ATH and if it reaches $37 or $57 these targets will change. AB=0.61 XA BC=1.13 AB=$23 or BC=1.42 AB=$37 or BC=1.6 AB=$52 tp1=0.78 BC=$4.8 tp2=0.78 XA=$1.97 tp3=1.6 BC=$0.94 tp4=2 BC=$0.45 tp5=2.24 BC=$0.27 I know about the great fundamental of Band protocol and these targets seem ridiculous.
by HarmonicPitchforks
5
🆓BAND Protocol/USDT Analysis (20/4) #BAND $BANDThe selling pressure on BAND is decreasing and I think BAND will have a recovery from this 14$ zone. 📅NEWS 👉Jun 30 : Bandchain Phase-1 Launch 👉Jun 30 : IBC Protocol Launch 👉Jun 30 : VRF Launch 📈BUY -Buy: 13.7-14.3$ if A. SL B -Buy: 15.6-16.4$ if A. SL B 📉SELL -Sell: 19.5-20.5$. SL A -Sell: 29.5-30.5$. SL A ♻️BACK-UP -Sell: 13.7-14.3$ if B. SL A -Buy: 10.7-11.3$. SL B -Buy: 8.8-9.2$. SL B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
1