BANDBTC - UPDATE: Following Papa LINK?I took a look at BANDBT C 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.
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.
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