Band Protocol may hit 70 AugustI 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:
Band
🆓BAND Protocol/USDT Analysis (10/2) #BAND $BANDBAND is stopping at the strong resistance zone at 13-14$, if it surpasses this zone, BAND will increase strongly to 22-23$ by the end of February. But we need to wait for BAND to close a 1D candle above $14
📈BUY
-Buy: 13-14$ if A. SL if B
📉SELL
-Sell: 22-23$. SL if A
♻️BACK-UP
-Sell: 13-14$ if B. SL if A
-Buy: 8.75-9.25$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Order Flow Band/USD TP 1 $50 USDBand is an Ethereum token which brings big data on chain and decentralized to its platform's blockchain. The only other crypto that has the same utility in the main DeFi space is Chainlink, with its Market cap at 10 billion USD.
I am lookin for this coin to go upwards towards $50 and from then on gauge PA and institutional behavior
Leave your comments and ideas below . Thanks !
Band protocol projection (long) squeezing up against key levelI predict Band will begin squeezing against the $13 key level. If we see this followed by a breakout Bands next target should be the $15-16.
If price breaks down below $11.4 the idea is invalid and we may spend some more time accumulating before lift off.
BAND update: BULLISH RETEST! GOOD REENTRY!sorry for messy chart, just wanted to get this out there quick.
BAND seems to have found support at the top of the previous ascending triangle it broke out from. It's now forming another ascending triangle (bullish pattern) before it moves higher. Right now the PA is at the bottom of the new pattern, which is the perfect time to reenter / increase position!
Bullish cross on Stoch RSI 4HR - good indication of a move to the upper area of the triangle (possibly higher) soon.
happy trades,
CD
🔥 BAND/USDT Bullish Wedge Break Out: Part 2In my previous BAND post I argued that the break out would lead to a strong bullish move upward. Sadly, the previous idea hit its SL recently. However, that doesn't mean that the trade is invalid. Today's massive candle break out has in my view started a new upward move for this amazing coin.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
🔥 BAND/USDT Bullish Wedge Break OutBAND is one of the coins which has seen some big gains in recent days. The gains of this morning were of such magnitude that it, finally, managed to break out of the wedge that it has been inside since 2021. Today's break out is accompanied by a large increase in volume over the last couple of days, which makes me believe we will see more great things in the near future of this coin.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!