BANDUSDT trade ideas
BANDUSD on 210406From my previous wave guess (analysis) last week that we are in minor wave 3 in major wave 3 after the previous down trend resistance is broken and t also came back to test yerterday. Now we are heading to test previous high again(1 time test already).
If it is beoken, I think conservative target 161.8% at 35 usd is very likely. 261.8% at 49 USD is possible but need to cross check with BANDBTC too. I think BANDBTC this time target should be around 161.8% but still not sure how much it will be interm of BANDUSD.
By the way, in hourly chart I think it has already completed sub wave 2 and now we are in sub wave 3.
Really want to see what will happen in next few days that I am right or wrong.
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.
BAND/ USDT - Bullish Push/ Buy & Hold - 50%+ ROIHello Traders,
BAND is looking good.
We have some events coming up in June, Twitter has been posting a lot about this project over the last few days, google trends is moving up, and we have a bullish structure.
If you look at previous price action, we are seeing a similar pattern forming on the daily, before heading to a breakout.
Volume has been steadily increasing over the last few weeks.
We should see a retest of recent ATH’s, with a lot of folks thinking it will break the $30 range. This is not far out of the question seeing that the market cap is still sitting in the $200 Mil region. It’s number 3 for the Oracle category, with Link & UMA sitting at numbers 1 & 2. Once BAND strengths their partnerships, and once they launch their support with Cosmos, we should see the price really start to climb.
In the short term, I’m targeting $19/$20. Mid-term, $31/$33. Long-term, $55/$58.
We just got a nice dip to DCA our purchases and we are still working our way back up offering us a great buy opportunity at the moment.
Side-note: Sunday’s are a great day to really get yourself organized for the week, evaluate the market for opportunities, and to figure out end of week exit strategies. I personally hold coins for 4-7 days at the most. Very rarely do I hold anything longer than that, other than some of the major coins/ projects.
Good luck!