🆓BAND Protocol/USDT Analysis (10/2) #BAND $BANDBAND is stopping at the strong resistance zone at 13-14$, if it surpasses this zone, BAND will increase strongly to 22-23$ by the end of February. But we need to wait for BAND to close a 1D candle above $14
📈BUY
-Buy: 13-14$ if A. SL if B
📉SELL
-Sell: 22-23$. SL if A
♻️BACK-UP
-Sell: 13-14$ if B. SL if A
-Buy: 8.75-9.25$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Band
Order Flow Band/USD TP 1 $50 USDBand is an Ethereum token which brings big data on chain and decentralized to its platform's blockchain. The only other crypto that has the same utility in the main DeFi space is Chainlink, with its Market cap at 10 billion USD.
I am lookin for this coin to go upwards towards $50 and from then on gauge PA and institutional behavior
Leave your comments and ideas below . Thanks !
Band protocol projection (long) squeezing up against key levelI predict Band will begin squeezing against the $13 key level. If we see this followed by a breakout Bands next target should be the $15-16.
If price breaks down below $11.4 the idea is invalid and we may spend some more time accumulating before lift off.
BAND update: BULLISH RETEST! GOOD REENTRY!sorry for messy chart, just wanted to get this out there quick.
BAND seems to have found support at the top of the previous ascending triangle it broke out from. It's now forming another ascending triangle (bullish pattern) before it moves higher. Right now the PA is at the bottom of the new pattern, which is the perfect time to reenter / increase position!
Bullish cross on Stoch RSI 4HR - good indication of a move to the upper area of the triangle (possibly higher) soon.
happy trades,
CD
🔥 BAND/USDT Bullish Wedge Break Out: Part 2In my previous BAND post I argued that the break out would lead to a strong bullish move upward. Sadly, the previous idea hit its SL recently. However, that doesn't mean that the trade is invalid. Today's massive candle break out has in my view started a new upward move for this amazing coin.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
🔥 BAND/USDT Bullish Wedge Break OutBAND is one of the coins which has seen some big gains in recent days. The gains of this morning were of such magnitude that it, finally, managed to break out of the wedge that it has been inside since 2021. Today's break out is accompanied by a large increase in volume over the last couple of days, which makes me believe we will see more great things in the near future of this coin.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
Band Protocal (BAND) Break Out Retesting All Time Highs SoonIn the oracle realm of the cryptocurrencies Band Protocol is the second largest oracle coin right under the leader Chainlink (LINK) that is bound to be picked up and re-test those all time highs. Band Protocol has approached a very important level today as it has slightly broken out of $11.50 resistance zone that has held strong since September 4th 2020. We traded for at a high of $11.80 before coming back down to current levels.
Today we hit the 0.5 Fibonacci Retracement level and now we're trekking towards the 0.618 Fibonacci level putting us at around $12.25 for our next target. We also hit a daily bullish divergence on the MACD as well indicating we may be positioned for a strong breakout within the next week or two.
Band Protocol only has a market capitalization of around 230 million dollars while Chainlink's is around 8.9 billion dollars. As being the second biggest leader in the oracle space Band Protocol will be poised for a lot of growth this year especially as the use case for oracles continues to accelerate. Oracles allow ways for a blockchains and smart contracts to interact with external data.
Oracles will be an essential part of the evolution of cryptocurrencies and growth of Decentralized Finance (DeFi). Band Protocol is the second biggest Oracle, still well under a 1 billion dollar market capitalization, and has a Coinbase listing. Keep Band Protocol on your radar for 2021.
Current Support Level: $9.00
Current Resistance Level: $11.80
Cheers! Much peace and love!