BANDBTC - UPDATE: Following Papa LINK?

Тема в разделе "English", создана пользователем Trading Ideas, 26 сен 2020.

  1. Trading Ideas

    Trading Ideas Участник

    Сообщения:
    192.895
    Симпатии:
    1
    9305344-twQI_mid.png
    BANDBTC - UPDATE: Following Papa LINK?
    BAND / Bitcoin BINANCE:BANDBTC
    reggiogeorge
    EFpSBFeO_mid.png
    I took a look at BANDBTC 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.

    --
    “Test fast, fail fast, adjust fast.” — Tom Peters
    --

    I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.

    If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
     
Похожие темы
  1. Trading Ideas
    Ответов:
    0
    Просмотров:
    24
  2. Trading Ideas
    Ответов:
    0
    Просмотров:
    20
  3. Trading Ideas
    Ответов:
    0
    Просмотров:
    18
Загрузка...