BAND with new ATH!! Watch the PAMP!BAND seems to be pushing hard following ChainLink and Tellor, a cheaper option in the oracle defi-space. I do expect it to retrace as it appears to be overbought looking at the RSI, but how far can it come down or will it keep going with those blue skies?
I have laddered in my buys on the way down starting at $3.50 down to $2.60 range, anything else is a bonus....I don't want to miss this train :)
DYOR not financial advice, please do leave your thoughts and comments :)
Band
BANDUSDT AnalysisI am mostly positive about BANDUSDT. Engineering Robo 2 is giving a Buy 2 signal. In addition, the MA 20 (blue line) is going over the MA 50 (yellow line) indicating that it is time to buy it. The trend has increased steadily and is currently just below the resistance line. If the candle opens and closes above the resitance line, I will buy it. If the candle goes down and breaks the support line below with an open-close candle, I will sell it.
Downward MACD, upward pricehi
Simple Moving Average 50 Above Simple Moving Average 100 and Simple Moving Average 100 Above Simple Moving Average 200
Convergence line above base line
High price of conversion line
High price base line
High price of Komo - Converse line above base line
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BANDBTC testing resistance levelBANDBTC close above accumulation level at 13327 sats. Testing resistance at 13800.
Support level: 13189,12600.
Resistance level: 13800, 14400.
Pattern: Breakout of failing wedge.
Indicators: RSI above 50 points + , MACD above zero line +
Moving Averages: above 100 EMA, still bellow 200 MA and 200 EMA.
BAND BLUE SKY BREAOUT - MOMENTUM SETUP ON 2H CHARTPrice recently broke out of a 4-week consolidation pattern above the 20-Day EMA.
Prior rally showed momentum with ADX>50 on the daily chart
MACD crossing up indicating the beginning of a price rally
Price above consolidated with very little volatility above the Marubozu breakout candle with substantial volume indicating potential support of the level
ADX/DMI accelerating
Will BAND respect the channel its in or not?Interesting trading pair BAND/BTC. It is currently respecting the channel it has found itself in. It hit resistance line of the channel, and bounced back. Using fibonacci retracement to predict where it will fall to, the 0.618 line seems to have a done a good job of catching its fall...
Now the price action is going up again, hopefully to hit the support line again...
Am pretty bullish on this one. I bought in at 0.00014345. I will sell at the .236 fib line....
But hey... do your own analysis and take profits when u like...
Be sure to press the like button if you like my analysis.
Band Protocol - Mainnet launch aheadAnother one interesting altcoin with mainnet launch in 2 weeks. Band Protocol’s public Wenchang Mainnet launch is going live on June 10, 2020.
I think in this case it can affect the price as it did in the case of THETABTC.
I'm waiting until price fluctuations become less and try to buy as low as possible, around 0.00016 BTC would be good (assuming BTC isn't falling to $7k at the same time ofc).
Briefly about Band Protocol: Scalable and decentralized real-time cross-chain oracle connecting smart contracts to external data sources. (sounds like Chainlink tbh)
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
BANDUSDT formed bullish BAT | Upto 44% expectedIn my previous post of BAND with US dollar pair we have seen that on short term hourly based chart the BAND formed bullish Cypher pattern and as per prediction the priceline took a powerful bullish divergence from buying zone and produced more than 10% profit on this very short term chart.
Formation of new BAT pattern:
Now again on short term 6 hour chart the price action of BAND has formed bullish harmonic BAT pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: $0.8835 to $0.8309
Sell between: $1.0088 to $1.1982
Stop Loss:
The potential reversal zone area that is up to $0.8309 can be used as stop loss in case of complete candle stick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 44% and as per above mentioned stop loss, the loss possibility is 6%.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BANDBTC Just Bounced From a Very Strong Support ZoneHey all, here’s another entry on my tradingview series called 'Quick Updates'.
BAND Just hit this very strong support zone for the fourth time. We can go in for a nice support and resistance trade set-up. I used a trendline this time as resistance instead of a horizontal resistance zone that I normally use, because the bulls has been facing more difficulties recently. There is slowly a descending triangle pattern forming, to create the maximum chance of getting a successful trade out of this I decided to place the take profit slightly more conservatively.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!