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Band

BANDUSDT (BAND) - POSSIBLE PRICE ACTIONSANALYSIS 🔎 - BANDUSDT is consolidating in a symmetrical triangle pattern . - A relatively big move is imminent. - There's a breakout potential. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance. - Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support. TARGETS 🎯 - Uptrend ⬆️: Horizontal resistance levels (R1, R2). - Downtrend ⬇️: Horizontal support levels (S1, S2).
by Chibuike_Odoh
2
Trading a Ranging MarketBAND has broken its previous consolidation range only to enter another range. Let’s take a look at how you can take advantage of a ranging market! BAND Price Action BAND was one of the best performing cryptocurrencies in the first half of 2020. However, after its crash in September, the cryptocurrency has yet to regain its strong momentum. The token has ranged between $5 and $7.5 for almost four months. On January 6th, it finally broke this range, only to enter another one, this time between $7.5 and $11.5. Let’s now take a look at a strategy you can use to take advantage of this. Ranging Market Strategy You can use Williams %R on the 4h chart to find oversold zones and then use the MACD on the 1h chart to enter when the reversal is taking place. In short, the strategy works like this: when the Williams %R shows overbought on the 4h chart, take the next MACD buy signal on the 1h chart. As displayed in the chart above, this strategy can identify some great reversals. When it does identify reversals, the strategy can make significant gains. On the other hand, you may also get some “fake signals” that are too early and bring about large losses. Therefore, it is probably best to go with a tight stop loss to minimize losses, and a wide profit target and trailing stop loss to take full advantage of reversals. Disclaimer: This is just one example of a strategy that you can use to trade a ranging market, and is not a recommendation. Using this strategy in a bearish market will probably lead to more losses than gains. Suppose you want to use it in a bullish market instead. In that case, you can add the MESA or any other trend-following indicator on the daily chart, to make sure you only take trades in the direction of the trend.
Long
by cryptohopper
Band 2021 price targets With a current circulating supply of 20,494,033 Band tokens and a max of 100,000,000 Band tokens, it will be very interesting to see Band, which Is also in the Oracle tech space as Chainlink, compete and carve out its own market share. Chainlink has 405 million tokens in circulation with a max of 1 Billion. I believe that Band is on the Cosmos platform and also rewarding its users with a handsome staking reward which is an incredible incentive for long-term holding. Right now Band is in a similar channel as many other Altcoins and several price targets are a possibility given the scarcity, the backing of Band by well-known investors, and the growing Oracle/Dataspace. Could Band achieve between $250 and $1,000 on this next Bitcoin bull run? We will see.
BINANCE:BANDUSDLong
by altcoinb
8
BAND/BTC Bullish Channel From All Time LowLike a lot of other X/BTC pairs, BAND/BTC is seeing some amazing movement in the last couple of weeks. Since the start of 2021, it has formed a nice bullish channel in which it's trading. Today, we see some good price action going on, indicating that there's much more to come for this pair. Since it's difficult to predict where the price will hit the upper trend line of the channel, I've marked two resistance areas of interest, based on previous highs, R1 and R2. Feel free to place your own targets. Happy trading!
BLong
by FieryTrading
4