TRB/USDT - possible triple bottom forming?Hi all !
I like to keep it simple with the top quality alts. Fundamentally, we do not need to spend any words on the Oracle projects like Tellor. These projects are "less risky" if we consider them as a long term players that would achieve new ATH for sure.
After my LINK/USDT analysis which is going according to the plans, I think that if the market keep with the momentum that it had these last weeks, we might see an explosion in the TRB/USDT pair as well. Besides very healthy chart which we can see: healthy push after Binance listing and then healthy retracements to find the natural support are very good signs for sure.
If we keep today's daily lows, we might have triple bottom formed as marked on the chart. That's very bullish sign and if the price confirms that, we could target 145% + profits (Daily Resistance 2) in the coming weeks. However, if that plan does not come through, I would happily follow new signals and keep DCA-ing projects like TRB.
Thank you for your time !
I would also like to hear your thoughts on possible TRB movements in the near future. Your comments and support are much appreciated !
p.s. feel free to check my LINK/USDT idea and tell me your thoughts about it as well.
Happy trading!
Tellor
update on trbsorry guys for late update i was really busy . as you know when a support breaks you sell . so you could sell in two directions . i couldnt really find good data about trb in trading view so i checked cmk , there is a major support left in that direction ( green zone ) . watch it , if it reacts to support next will be 14.5 then 18 . if this support breaks price will go to hell
BAND- Just got listed on Coinbase! Another oracle play like LINKThere is no denying that LINK's first mover advantage in Oracle space, amplified by the DeFi gold rush, has resulted in its tremendous surge recently.
Another reason is that many of its competitors such as BAND, TELLOR, DOS and NEST can only be traded on Dex (decentralized exchange), centralized exchanges such as Polonix (who still use it?) and foreign exchanges that don't take U.S residents (Binance and many other obscure exchanges)
That changed today when Coinbase added BAND! With the increased liquidity and exposure, I ams sure people who are eagerly looking for the next LINK will not miss it.
BAND with new ATH!! Watch the PAMP!BAND seems to be pushing hard following ChainLink and Tellor, a cheaper option in the oracle defi-space. I do expect it to retrace as it appears to be overbought looking at the RSI, but how far can it come down or will it keep going with those blue skies?
I have laddered in my buys on the way down starting at $3.50 down to $2.60 range, anything else is a bonus....I don't want to miss this train :)
DYOR not financial advice, please do leave your thoughts and comments :)