BANDUSDT trade ideas
BANDUSDT/1D (UPDATE)We see a pull back on 1st up trend. Possible entry is when we're going to see a pull back on 2nd up trend (STRONG RESISTANCE)
For long term entry last point is important due to after any breakout with pull back we have a low risky zone to pushing trigger.
Our targets placed at 2nd and 3rd up trends.
BANDUSDT had a breakout from descending trendline 🦐The price had a nice breakout from descending trendline and 4h resistance. IF the price will retest the previous 4h resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BAND - Daily - "3 Month/+100% Play"Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!!
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///////👍✋Not financial advice, do your own due diligence ✋👍////////
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➡️Technical Standpoint⬅️
1.) Symmetrical triangle forming. Decision point before May 4th.
2.) Running on low volume.
3.) Still above the LR so long term bullish.
➡️Fundamental Standpoint⬅️
1.) By end of Q2 there is the VRF Launch, Bandchain Phase-1 Launch, and IBC Protocol Launch.
2.) News should be the catalyst to push BAND close to the 1.618 range
➡️Current Season⬅️
- Altseason
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//////Indicator Legacy/Meaning//////
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- Linear Regression Line( LR ): is the green/red worm-like line.
- Major Resistance Line( MRL ): is the color fuchsia.
- Major Support Line(MSL): is the color aqua.
- Vol Indicator: The grey area represents below average volume .
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///🎉🎉🎉Before You Go🎉🎉🎉///
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BANDUSDTBAND / USDT 1D.
Currency BAND is one of the most popular currencies. Experts in this field are optimistic about its future.
Now let's see what we have on the chart.
In the one-day candle stick, it forms a channel with two canal roof touches
As you can see in the chart, candles are probably forming a cup and a bunch, and there are many signs of this.
In the sub-category of the cup, there is a set of resistances that are a little hard to break and need the market to gather its strength so that it can break and rise.
But if it fails to do so, the blue support range falls, as you can see, it has done this before, and it is likely that this ping pong will break until it breaks into a bench.
If it breaks down to the bottom of the canal, we expect it to fall.
If it breaks up, we will definitely have to wait for the canal roof to break and go higher.
Currency "BAND" is one of the currencies that has very good technical support. And exciting predictions have been made about it.
what do you think ? Be sure to comment.
BAND/USDT - Last Opportunity before REVERSALOn the daily chart , we see that BAND is about to break through the ascending triangle and continue the bullish movement.
The weekly chart shows that the Elliott wave pattern is almost completed and this could be the last bullish move from which a bearish trend could begin.
It is also confirmed that the bearish move will start soon on the monthly chart where the double bottom pattern was formed and the new support area is expected to be retested.
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Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE . This is just my point of view on the current situation.