BAND Undervalued ? Ascending Triangle FormationBAND is another one of those coins that I feel is quite undervalued still, It is a cross chain data oracle for the web 3.
I see the importance and aim it takes for cross chain implementation is superior to LINK, especially with more ecosystems such as Binance Smart Chain, Huobi ECO, Polkadot, etc. The potential for BAND is much greater than LINK I believe.
With LINK sitting at a 17 Billion $ Market Cap, and BAND at a 500 MILLION $ Market Cap.
Even a 20x of Market Cap would have BAND sitting at a 10 Billion $ MC, meaning a price of almost 400$. Fundamentally speaking this is one of the coins I suggest having in your portfolio if anything, for the MID-LONG term.
Technical analysis side shows BAND following an ascending triangle pattern on the 1D chart, It is about break above the 20$ resistance level which has acted as resistance previously (two red arrows indicating it).
Maybe a scenario displayed by the blue path line could be the playout in the short term potentially (could play out much earlier though with current market sentiment), ideally I would like to see a break above the 20$ resistance and a run up to 25$ - 30$, before it comes back down to confirm a S/R flip.
Thanks for reading!
Oracle
ChainLinkBlockchain oracles are third-party services that provide smart contracts with external information. They serve as bridges between blockchains and the outside world. Blockchains and smart contracts cannot access off-chain data (data that is outside of the network).
Chainlink is the leader among the oracles, has now formed a very bullish formation, I think you will reach the 61.8% fibonacci level and then higher
Best regards EXCAVO
NEST — Your Secret GEM, that wont be a secret for much longer.. Hello Traders,
Alright here it is, we are moving through spring time, getting ready for another bullish part of the year. April usually bring crypto showers for May’s bank account flowers.
You’ve been searching, scouring, obsessed over finding the next true hidden gem. Well I believe if you were lucky enough to stumble upon this writing you may now be prompted to do your own research into the NEST Protocol.
I believe this one will rival the likes of BAND & LINK.
The current $110 Mil market cap is a fraction of the band and link market caps.
Growing to even a 850 Mil Market Cap would bring us close to 700% gains from it’s current price.
The words can’t be typed fast enough, I’m not fomoing in by I’m definitely getting in on this project and I will be buying every opportunity that presents itself on this one.
You can learn more about this project by checking out this article: coinmarketcap.com
Buy, Hold, Realize gains!
Good luck!
API3 - Price Prediction! 40%+ Gains Possible, Maybe 5,458%+Hello Traders,
Here comes Chainlinks competitor! Lock and loaded, this one is showing some major strength and now has confirmed its reversal to the upside.
We passed the 255/200/100 EMA.
We have a bullish pennant that has formed and I expect at any moment here we will break further to the upside.
My target is the recent ATH's (make sure to secure profit along the way though).
Long-term: If API3 can even grab a 3rd of the market cap that Chainlink has, we would be sitting around $4,232,892,577. Times that by the current circulating supply of 13,847,549 (drum roll, please)... Price would be: $300+. Yes, that is right, $300. That would be a 5,458% increase.
Folks this is one to keep an eye on. For number's sake, $500 could turn into a cool $27,290. Not bad and not out of the question.
Good luck!
BAND/USDT Long Term PictureSitting at ~300 mil mcap, BAND has underperformed the market since January along with the entire oracle sector, and because of that it's really not been mentioned much.
Zooming out though we can see it's been ranging within an accumulation range, close to the previous ATH. Accumulation, in a bull market, at an ATH is when you want to buy; as this is when large players are building their positions.
TA wise a bullish divergence is forming, stoch has reset, and ichimoku is bullish. We can also see there is a clear long term parabola in formation.
I have high confidence that this parabola will play out, and as such I've taken a large position. However, it's important to understand that when you're trading charts on high time frames you often will be waiting extended periods for a breakout and may be forced to be underwater for a bit.
Don't be concerned with the intraday price action. This coin could easily trade up to a $3 billion mcap which would be a 10x from here
Good luck.
Bridge Oracle, Don't Waste Time!!! (͠≖ ͜ʖ͠≖) (UPDATE)$ We're going to have thriller moments in
the bullish Fib Time zone.
$ There are 2 (short, long term) triangles that can
help us riching our targets.
$ There are many things to say about bridge
so follow us and be alert for new updates.
Follow My trading view account for new Updates.
Bridge Oracle, Don't Waste Time!!! (͠≖ ͜ʖ͠≖)$ We're going to have thriller moments in
the bullish Fib Time zone.
$ There are 2 (short, long term) triangles that can
help us riching our targets.
$ There are many things to say about bridge
so follow us and be alert for new updates.
Follow My trading view account for new Updates.
ORACLE : PRICE ACTION 1D TIMEFRAME - PRICE READY TO FALL ! 🔔Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
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$LINK: Likely inverse h&s or double bottom forming#Chainlink: I wouldn't be surprised to see the PA test the green box area where the previous wicks ended. Below the lower red line, and I'd start to zoom out on time frame and look for fib levels and s/r levels to show some confluence as to where this would bounce. You can also see the bottom of the bollinger bands have some nice confluence with those levels. However... I highly doubt that buyers don't step in here as we test the previous dip prices. $24.50 would be the price that I'd set my buy orders at. If it bounces from that green box, then that would look like a decently shaped inverse h&s. If continues below that to the red support line that would also be a higher low. Even if it dips down to 19 dollars we're still forming bullish patterns... If it goes that low? I'll be very happy to buy more at that level.
Fundamentally: The ETH wallet that has been confirmed as one of the Chainlink team's main wallets has been dumping about a million $LINK on the market every week. There are multiple videos exploring this. That being said, it gives a pretty clear picture as to why the price of link has been suppressed by so much, that doesn't really matter though :) We like cheaper link. We like buying more $link every week at a decent price. Patience is key here.