BANDUSD took some serious damage during the Valentine's slaughter, but it's recovering now and looks hungry for more. Target is roughly $36 based on the upward trending C&H. If this zone breaks with conviction, I wouldn't be surprised to see $100 eventually, but let's see how this setup plays out first in the short term. In case of a breakdown, there's some support at around $10, but I'm not expecting it to go back there. Good luck!
Transaction en cours
⋅
Returned to the parabola. Accumulating here at $13
Commentaire
⋅
Watch for a breakout and retest near the $22 to $23 zone. I'm really starting to think that $50 - $100 top for this cycle is a bit more plausible than my original high target at $36.
Commentaire
⋅
A little bit disappointing that LINK made a higher high and BAND is still stuck under resistance. It's not unusual for the coin with the largest market cap in a given sector to lead the run, so overall it's a positive signal for the future of BAND. Just need to sit tight and wait. I was in a similar position earlier this year when UNI was running and ZRX was stagnant. Patience paid off eventually, but the sting of laggards leave scars on your portfolio and there are lessons to be learned. The lesson in both cases is, invest in the market leader first, and as soon as momentum starts slowing and smaller caps start perking up, start flipping market value from the leader to the laggers.
Commentaire
⋅
Hmmm... this went wrong 1000 different ways. My worst trade in years. Weeks ago: 100% gain on my original position, only 50% away from my final target. Now: 50% loss on my original position. Completely fooled by the new ATH in LINK. None of that momentum transferred over to BAND. I am a fool.
Don't be hard on yourself, even the best traders are sometimes wrong, the market is designed to make us look like fools. Band is also fundamentally great! I think it will still get to your target, it just didn't happen this time :)
It’s okay mate. I sold at break even last month. It wasn’t making new highs and kept bouncing back to teens. Glad I sold out. ETH and BTC are only ones worth holding. Everything else is a trade for money. There are only probabilities, never certainty.
Wannabe_traderSD
⋅
Wow, I wish it'd hit $50-100.
swilton
⋅
@Wannabe_traderSD, I'm personally trading BAND under the assumption that >$100 is inevitable, it's just a matter of how many times it pulls back before it gets there. Market cap is still below 1B. Lots of room to grow.
godfirstthenme2020
⋅
@swilton, oracles are gonna be a stable in all of this and the low supply and still google cloud news...others to come. Chainlink and band are holds for me