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RSI-Guy
Aug 17, 2020 8:58 AM

BAND Looks Ready to Run Long

BAND / BitcoinBinance

Description

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
RSI-Guy
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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