BAND Is Still In Danger, Don't Get In Until Crucial Point Is Broken by funnyman

hive-167922 · @funnyman · Oct 11 '20

$1.17

BAND Is Still In Danger, Don't Get In Until Crucial Point Is Broken

BAND is a probably the potential competitor of LINK and which actually has a chance to become as big as ChainLink. It has seen a huge downside as other markets but the bad thing is crossed its crucial level $7 while falling and now it will have to overcome $7 level to be in a bull trend. Let's take a look at the chart 

![Screenshot 20201011 at 2.57.18 PM.png](https://files.peakd.com/file/peakd-hive/funnyman/XAsKE1ol-Screenshot202020-10-1120at202.57.1820PM.png)


The chart doesn't look good to the eyes but we have seen a good bounce around $5.1 level. It could be a temporary bounce, it all depends if it can cross the $7 level and closes its daily candle above that. Let's look at the $7 level now.

![Screenshot 20201011 at 2.59.28 PM.png](https://files.peakd.com/file/peakd-hive/funnyman/rl0CR9mt-Screenshot202020-10-1120at202.59.2820PM.png)


Now, you can have a clear look at the support/resistance level of $7 and how many times it has proven to be a great resistance. To gain my confidence in BAND market, it would need to close above this crucial level and until it does that I will remain out of this market.

BAND is a wonderful project and fundamentally very strong but as a trader, we also need to keep the technical aspect of it in mind and not to be emotional when making money. I wish you a wonderful day ahead. 



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@funnyman/band-is-still-in-danger-don-t-get-in-until-crucial-point-is-broken)

👍 funnyman, leo.voter, onealfa, payroll, long888, mcoinz79, tandara, awownerd, pixelfan, dapplr, leofinance, gadrian, engrsayful, priyanarc, snoochieboochies, putu300, paragism, gadrian-sp, deflacion, aakash.sachdeva, youngelder, mk-leo-token, toni.curation, laissez-faire, haxxdump, adamsidney, limka

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