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Bandlong

More bullish confirmation - can it reach this measured target?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
BINANCE:BANDUSDLong
by CryptoRush_
nice confirmation of the trend? Or?BAND is one of the other coins that completes its correction phase. Even today's sale did not break the long-term trend line (red line). If the bulls do not defend this line, we will either confirm the short-term minimum, or according to fib, the support could be at the level of $ 4.64. So far, it looks like the trend will keep this coin and thus break the declining pink border. If this happens, we should choose to test higher supports at $ 9.5, $ 11.4 and $ 13.86. This can be seen in the $ 9.5 (pink arrow) testing scenario, the subsequent correction and confirmation of the completion of the consolidation. There would be an orange trend that should not be so easily broken. RSI and CCI also show favorable indicators. I believe I'm not the only one interested in this coin, so I'll be happy for any likes or comments about this coin.
by Nimble_Samuraj
BANDUSDT forming bullish BAT | Upto 401% possibilityHi, my friends hope you are well, there is another bullish wave possible by the price action of the BAND protocol token. Formation of bullish BAT pattern: This time on a 12-hour chart the BAND token is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be: Potential reversal or buying zone: $4.57 to $2.89 Fibonacci projection or Sell zone: $8.57 to $14.49 Stop Loss: The potential reversal zone area that is up to $2.89 can be used as stop loss in case of complete candlestick opens and closes below this level. Possible profit and loss ratio: As per the above targets, this trade has the profit possibility of 401% and as per the above-mentioned stop loss, the loss possibility is 58% 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.
Long
by moon333
2
BAND | If This Bull Flag Works Then A Big Rally Can Be TriggeredHi friends, hope you are well and welcome to new update on Band token. In my previous article we have seen that this token has surged more than 9000% after March 2020 up till now. Recently on the 4 hour small time period chart the price action of Band token formed a pennant and finally on 17th of August the priceline has broken down the support of this pennant. The bull flag is still there: If we switch on the daily time period chart then the expected bull flag is still there. The price action is likely to move up from 25 simple moving average. This is very positive gesture because before this the price action has been doing the same before the next bullish rally. For example if we watch the previous bull flag then there was a big distance between the price action and the simple moving averages. Then priceline moved little bit down and 25 simple moving average moved up to provide the support to the priceline of Band token. Finally using the support of this simple moving average the price action started the next bullish rally. Same move is likely to happen this time again. The price action of Band token was at high distance from the simple moving averages then it moved bit down and the 25 simple moving average also moved up and provide the support to the priceline. And now we can expect that the price action can start the next bullish rally from here. Different indicators are turning bullish: If we place the different indicators like MACD, Stochastic and Momentum on the daily chart. Then it can be easily observed that moving average convergence divergence (MCD) was strong bearish but now it has turned weak bearish. The Stochastic has also given bullish signals by giving bull cross, but the momentum indicator is still strong bearish. Once Momentum will be started turning bullish then it will be confirmed that the price action will start the next bullish rally from this bull flag. Formation of new channel: Now if we switch back to the small time period 4 hour chart. Then it can be noticed that after breaking down the support of the pennant the priceline of Band token has formed a new downturn channel. At this time the price action is likely to move to the support of this channel after being rejected by the resistance. Therefore the next few hours are very important, whether the price action will break out the resistance or breakdown the support. So we should keep an eye on the move of Band within this channel for next few hours. Once the price action will be able to breakout the resistance of this down channel then it will be a very strong confirmation for the next bullish rally. Conclusion: Even though the priceline of Band token has broken down the pennant on small-time period chart but we should also take care of stop loss. For that purpose we can use a support of the down channel that has been formed on the small time period 4 hour chart. If that support will be broken down then we can expect a powerful rally to the downside.
Long
by moon333
2
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.
Long
by moon333
1
BANDUSDT formed bullish cypher | upto 12% move expectedFormation of bullish Cypher: This time on short term hourly chart the price action of Band Protocol (BAND) has formed bullish harmonic Cypher pattern and entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Cypher pattern should be: Buy between: $0.3131 to $0.3031 Sell between: $0.3210 to $0.3401 Stop Loss: The potential reversal zone area which is up to $0.3401 can be used as stop loss in case of complete candle sticks closes below this level. This idea is for short term traders not a long term idea; I will be keep posting more trading ideas. 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.
Long
by moon333