I hope everyone was holding because we had the breakout we were all waiting for! As you Recall from my previous analysis I compared the growth of band protocol to its brother Chainlink. The current way band protocol is growing is very similar to the way Chain grew its first year which can help us make some predictions. More details below:
The other day I published that Band was breaking out of its .236 fibonnaci retrace and would be on track to hit $10 before it encountered resistance and - this week Band did that almost perfectly! Band breached 10 and bounced off of the .50 percent fibonnaci retrace this week almost perfectly. Now I would say its a little to soon to say if band will continue to...
Band Protocol is looking absolutely great now. We broke the 23% retrace of the fib extention. We are going to run into some resistance at about 10 at the next fib extention... once we punch through that we should be retesting its all high time. If we punch through its all time high then 27 will be in sight. Hold on to your bags, cuz when this coin hits 88 mph we...
Band Protocol has been consolidating for quite some time under the first Fibonacci retracement. Once we break 8 we should see quick gains to 16. Any further gains would send us up towards the next Fibonacci number of 27.5. I could see this happening in the next few months. Possibly by summer. The end goal would be a double extension which lets us finish year 2021...