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Bandprotocol

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_
Bearish formation apparent - watch out for THIS level of support*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.
CRYPTOCAP:BTC.DShort
by CryptoRush_
1
Bullish signs apparent - could this be the bottom for now?The current situation: 1. Price action is currently being supported by the 3D 50 and weekly 21MA with some signs of bullishness in their current or previous candle pattern with a hammer. 2. Seller volume has been decreasing with lower price action and can be more clearly seen on the weekly chart up to this week's candle, which could potentially turn green as it is a hammer right now. 3. There 4X bullish divergence on the 12HR chart and 2x bullish divergence on the 3D chart. IF this plays out, it can be a catalyst for a significant move up. The bullish case: price action gets a solid close above the daily 21MA, which is currently sitting at about 6.3 USD. This can make a more convincing case for a reversal as the price action has not closed above this MA since the selloff back in September. The bearish case: price action closes below the 3D 50MA and weekly 21MA signaling lower price action. That can be a bad sign as the price action previously broke down from a double-top pattern, with the neckline at about 10 USD and the measured target of that breakdown is about 2.4 USD. *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. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
BINANCE:BANDUSD
by CryptoRush_
BAND - BullishAs we can see there are some pressure building up on the support line, we can all agree if the support line dosen´t hold, then we will see some massive dump upon the BandProtocol and we except that the price will continue to drop to cca. 4.7$, but I m very optimistic about this, so there for we will see some reverse into current price to go up to over 10$ were some weeks ago the support line was. But Hey! this is Crypto so we can except everything... Disclaimer:Do your own research and Invest your money as you want!
BINANCE:BANDUSDLong
by Pague
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
After More Than 9000% Big Move Band Protocol Formed Bull FlagHey friends hope you are well and welcome to the new update on Band protocol. This token has surged more than 9000%. In today's article we will try to understand how this token completed the bullish setup and what kind of signals we had before this surge and what the price action can do next. Continuity of bullish harmonic moves can be a strong bullish signal: Before starting the bullish move the price action of Band protocol formed different harmonic patterns on the daily chart. First it formed bullish BAT pattern then the price action of Band token formed another harmonic Shark pattern. And finally took a powerful bullish divergence and produced more than 9000% rally. This is same as like the Bitcoin did. The price action BTC formed different harmonic patterns on daily chart from the month of May 2020. And I have been sharing all these patterns in my every article of Bitcoin. And finally in July 2020 the Bitcoin formed a bullish cypher pattern. After entering in the potential reversal zone the BTC started the upside move and spiked beyond 12K. Whenever the price action of any asset starts forming the different bullish harmonic pattern. At least on the daily chart. It can be is very significant signal that the priceline is going to explode soon. A continuity of different events: If you have missed the previous rally then no worries. Because the price action has started another bullish rally. As we can see the different events with continuity announced by Band protocol team and the different exchanges as well. The first announcement was added on 31st of July and if we see the market cap of Band protocol on 31st July then it was 86.7 million dollars and now it is 302 million dollars. So market cap has increased by 248%. If we observe the volume of Band token then on 31st July it was 16.5 million and now it is 124 million dollars. So the volume of Band protocol is also increased by more than 650%. So after watching such a big jump in market cap and the volume as well we can have an Idea how many traders and buyers are interested to buy and hold this token. The effect on charts: Now if we take a closer look on the live daily chart then on 31st of July the Band protocol was moving sideways with the lowest price of $3.9 and the highest of 4.36 dollars. Then it started moving up and on 10th of August the price action spiked beyond $17 and surged more than 350% more. The distance between SMAs and price action: Now if we place different simple moving averages on the daily chart with the time period of 25, 50, 100 and 200. Then price action is above all these moving averages but there is a big distance between the SMAs and priceline So there can be two possibilities that the priceline may move down to use at least 25 simple moving average as a support before the next rally or the price action will move more up from this level as the way the candlesticks are being consolidated after 10th of August is likely to be a flag. In second case the 25 simple moving average can move up to provide the support to price action. Symmetrical triangle on 4-hour chart: If we switch the chart to 4 hour time period in order to take more closer look on it. Then the priceline is in fact moving in a pennant that is more likely to be a symmetrical triangle. The price is at the end of this tringle as it has squeezed so much. Now within next few hours we can see whether the priceline will breakout from the triangle or breakdown the support. Conclusion: As the priceline of Band protocol is forming different bull flags on the daily chart since it has started bullish rally after March 2020 But price action has no support of any simple moving average. Therefore there is also a possibility that the priceline won’t form a bull flag and move down to use any of the simple moving average as a support. But the continuity of the bull flags is signaling that the priceline will go for the next bull flag rather to break down the support of the triangle.
by moon333
2