Crypto Contest March 19: Band Protocol

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·@maarnio·
0.000 HBD
Crypto Contest March 19: Band Protocol
Band Protocol (Binance: BANDBTC) has broken out of the triangle pattern in the four-hour chart.
https://i.postimg.cc/vm6brdKM/nimet-n.png
(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.
https://i.postimg.cc/JhQKdsvQ/nimet-n2.png
(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.
<iframe width="560" height="315" src="https://www.youtube.com/embed/lenw8aiGbic" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
(Sources: https://bandprotocol.com/)



**How Will Band Protocol Trade?**

Band Protocol (Binance: BANDBTC) daily chart by Tradingview.
https://i.postimg.cc/Ssk93VCX/nimet-n3.png
(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 <a href="https://steemleo.com/">Steemleo</a>
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