Band Protocol (Binance: BANDBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BAND began a wave one advance on January 30. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 11, and the red wave two (blue sub-waves a-b-c) correction ended on March 16. If this wave count is correct, BAND should be heading next towards the March 11 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Band Protocol offers a decentralized data oracle by making data readily available to be queried on-chain, using delegated proof of stake ("dPoS") to ensure data integrity. BlockchainBrad interviewed the CEO three months ago.
(Sources: https://bandprotocol.com/)How Will Band Protocol Trade?
Band Protocol (Binance: BANDBTC) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
BAND will takeout the March 11 peak
BAND will drop below the January 30 low
BAND will stay in a trading range between the January 30 low and the March 11 peak until April 22
Posted via Steemleo
