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without_worries
Sep 4, 2023 8:33 PM

Band Protocol (BAND) - Bullish divergence Long

BAND / TetherUSBinance

Description

** Trading opportunity **

On the above 8-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Regular bullish divergence. Seven Oscillators print positive divergence with price action over the last 3 to 4 months.

3) Support and resistance, price is on strong historical support, look left.

Is it possible price action continues to correct? Yes.
Is it probable? No.

Ww

Type: trade
Risk: <= 6%
Timeframe: Act now
Return: 50x

Trade active

nudge nudge wink wink

Comment

on support

Trade active

A good moment.

Trade active

2-day GRM confirmation

Comment

nudge nudge

Trade active

Comments
dmeyer08
Someone check in on ArtDoger. i hate 100% gains in 4 months too
without_worries
@dmeyer08, These gains are really annoying.
ArtfulDodger1974
@dmeyer08, how nice for you to think of me! Just remember one thing, they aren't gains until you sell so I wouldn't get too cocky. I know people who hold ETH are really happy it didn't hit $700 too BTW!
thecardiak
2021 BAND was #2 oracle by chain adoption
2024 BAND is #19 oracle by chain adoption

2021 BAND was $20.00 price and 400 mill market cap
2024 BAND is $2.80 price and 400 mill market cap

Band started out with a capped circulating supply, then they lifted it spent years showing the wrong supply to all investors and then poof out of no where BANDs circulating supply is actually well beyond its total circulating supply, its supply is now infinite and goes up 14-16% per year

The only growth on BAND is its market cap, not its price, not its ingenuity (it seems to only copies other existing protocols methods)
without_worries
@thecardiak, The entire crypto can easily be put in those terms. Doge, XRP, does not stop folks from speculating. It is worth remember the entire space delivers not value and is a Ponzi bubble just waiting for the pin to burst it.
marcolopes
@thecardiak, Agree... i stayed away because of the metrics on this one! But this is crypto... everything can happen...
Crypto-Crapshoots
I just found this, but good call!!
MyCryptoParadise_Nathan
Its also forming an inverse head and shoulders now
foursisons
Heyy, what can you say about Starknet (STRK)?
without_worries
@foursisons, Nothing, there is no chart data available.
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