ANKR daily looking primed ANKR
Daily chart here looking like we have a bull flag / triple bottom in the making. Targets will be back to .13/14 range of resistance
From there back to the all time high of .21 then the .618 fib. I feel when we get to that point it runs we will break above the top of the Fib an run towards $1 on the spike/wick before we come back down to the mid .60 range on the first burst. This should start to come to fruition over the coming days and weeks. Unless bitcoin gives us all a middle finger.
Web3
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!
GO: .05 cents | WEB 3.0 ahead of the TRENDprobably the next Big Thing to the new world wild web..
awesome team.. impressive plan
Polkadot correction is closing on the next rocket launch padEarly correction appears to accelerated the polkadot cycle pattern, I would expect to touch $12-13 range before exploding into the next cycle. If successful $DOT can become the best token to trade in 2021 and overtake $USDT by market cap
There is currently no other token without the psychological ballast from the last bull cycle, by extrapolating previous bull cycle ATH move of $ADA (~1$) we can speculate that $DOT at it's ATH can reach up to $38-$40 at it's peak even if BTC price was to stay in the 30k region.
Polkadot will introduce new millionaires to the world??????Technically if #polkadot can broken 5$ : we will see 5.56 for the first TP1 and if it breaks this price ' we will see the peak of price again for TP2 and This will not be out of reach. SO the #polkadot family have to push it up and #Gavin_Wood must work harder than ever.
There is a few resistance and support but reactions of polkadot to support and resistance aren't irrational.
what do you think? Share your ideas and don't forget to like and share it with your friends ?
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