Ollie7

BAND Looks Ready to Run

Long
BINANCE:BANDBTC   BAND / Bitcoin
Classical pennant setup on the 4H BAND/ BTC chart.

Will wait for close above sloping resistance before piling in. I'd be VERY surprised if this broke bearish , considering all the hype there is around oracle coins right now.

Now that Link is testing $20, bulls will be looking to get into BAND as the cheaper alternative. I think big buyers are waiting for a clear breakout signal before jumping back into this, so entering before that will be a gamble but the pay off could be very good.

Set stop losses!

Comments

Scratch that. Now that Bitcoin has just pumped, BAND will likely tumble a few dollars as holders cash out into BTC to ride this new rally. Will exit at a small loss and wait to buy back into this once BTC cools off
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