Superstar Altcoin Band To Snap Back After Lower High Is Set
But after such a powerful and rapid rise, an elastic band effect could send the superstar altcoin snapping back toward a lower low, now that a lower high as been set on daily timeframes. Band Protocol Readies Reversal According To TD Sequential, Lower High May Mark Top For as hot as the Ethereum-based DeFi tokens have been, they couldn’t hold a candle next to decentralized oracles Chainlink and Band Protocol.
The total crypto market cap is still up over 80% year to date, but gains are at risk of further reduction if sell signals ranging across nearly all crypto assets have anything to say about it. BANDUSDT Daily TD Sequential 9 Sell Setup And Lower High | Source: TradingView Elastic Effect Could Send Altcoin Cryptocurrency Crashing Further showing what sort of snapback type impact the cryptocurrency could see in the days ahead, the Bollinger Bands are also giving a tell that a reversal could follow.