BANDUSDT (BAND) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- BANDUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Band
BANDUSDT (BAND) - POSSIBLE PRICE ACTIONSANALYSIS 🔎
- BANDUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
- There's a breakout potential.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
Trading a Ranging MarketBAND has broken its previous consolidation range only to enter another range. Let’s take a look at how you can take advantage of a ranging market!
BAND Price Action
BAND was one of the best performing cryptocurrencies in the first half of 2020. However, after its crash in September, the cryptocurrency has yet to regain its strong momentum. The token has ranged between $5 and $7.5 for almost four months. On January 6th, it finally broke this range, only to enter another one, this time between $7.5 and $11.5. Let’s now take a look at a strategy you can use to take advantage of this.
Ranging Market Strategy
You can use Williams %R on the 4h chart to find oversold zones and then use the MACD on the 1h chart to enter when the reversal is taking place. In short, the strategy works like this: when the Williams %R shows overbought on the 4h chart, take the next MACD buy signal on the 1h chart.
As displayed in the chart above, this strategy can identify some great reversals. When it does identify reversals, the strategy can make significant gains. On the other hand, you may also get some “fake signals” that are too early and bring about large losses. Therefore, it is probably best to go with a tight stop loss to minimize losses, and a wide profit target and trailing stop loss to take full advantage of reversals.
Disclaimer: This is just one example of a strategy that you can use to trade a ranging market, and is not a recommendation. Using this strategy in a bearish market will probably lead to more losses than gains. Suppose you want to use it in a bullish market instead. In that case, you can add the MESA or any other trend-following indicator on the daily chart, to make sure you only take trades in the direction of the trend.
Band 2021 price targets With a current circulating supply of 20,494,033 Band tokens and a max of 100,000,000 Band tokens, it will be very interesting to see Band, which Is also in the Oracle tech space as Chainlink, compete and carve out its own market share. Chainlink has 405 million tokens in circulation with a max of 1 Billion. I believe that Band is on the Cosmos platform and also rewarding its users with a handsome staking reward which is an incredible incentive for long-term holding. Right now Band is in a similar channel as many other Altcoins and several price targets are a possibility given the scarcity, the backing of Band by well-known investors, and the growing Oracle/Dataspace.
Could Band achieve between $250 and $1,000 on this next Bitcoin bull run? We will see.
$BAND/USDT 3h (Binance Fut.) Parallel channel facing resistanceBand Protocol lost its support, I believe it will retrace down further to lower-line or near after a last impulse.
Current Price= 8.7404
Buy Entry= 8.7397 - 8.9909
Take Profit= 8.2719 | 7.7735 | 7.1819
Stop Loss= 9.3710
Risk/Reward= 1:1.2 | 1:2.19 | 1:3.37
Expected Profit= +13.50% | +24.72% | +38.06%
Possible Loss= -11.28%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 240h
BAND/USDT Bearish Triangle In The MakingWith the recent plunge of Bitcoin, BAND/USDT has failed to reach the previous swing highs around $11.50, sending the price back down.
With this recent fall of BAND, we can see the early signs of a bearish triangle in development. The target for this trade setup is the support line marked on the chart, since it's the bottom of the bearish triangle.
Happy trading!
BAND/BTC Bullish Channel From All Time LowLike a lot of other X/BTC pairs, BAND/BTC is seeing some amazing movement in the last couple of weeks. Since the start of 2021, it has formed a nice bullish channel in which it's trading. Today, we see some good price action going on, indicating that there's much more to come for this pair.
Since it's difficult to predict where the price will hit the upper trend line of the channel, I've marked two resistance areas of interest, based on previous highs, R1 and R2. Feel free to place your own targets.
Happy trading!
Band Protocol Ready for New All-time highBand Protocol is an Oracle + DeFi coin. Oracle coins are pumping hard with LINK and DeFi is still in trend. We expect BAND will follow LINK and DOT. There is a lot of accumulation done on BAND and now it is breaking out. The breakout is confirmed and retested in the support zone. There is only one way to go now... Moon
Buy Zone: $9.5 - $9.7 (Add more if drops to $7.5)
Target: $10.88- $12.3 - $13.06- $15.35 - $17
BAND Short Term Cup and Handle potential upsideNot a financial advice, do your own DD before investing your hard earned money.
-Found Cup and Handle on 4H timeframe.
-If valid, Buy in zone in the red circle.
-Short Term target price is at $13.50-$14.
-Break of pattern if goes below $9.35.
We will be sure in the next 48 hours.
BAND split chart 1hr and WeeklyBullish. Starting to get lots of eyes on the net. Not familiar with the company? Here is a bio straight from Tradingview:
""Bandwidth, Inc. provides cloud-based communications services. It offers data Internet, voice/voice over Internet protocol, messaging. managed network, and conferencing services. The firm serves the telecom needs of small and medium businesses. It operates through the following business segments: CPaaS and Other. The CPaaS segment includes software-powered communication platform such as, voice calling and messaging services. The Other Segment provides legacy services. The company was founded by Henry Kaestner and David Morken in 1999 and is headquartered in Raleigh, NC."
First off I am really loving the dual chart setup lately.
I am bullish on this - watching CALLS for entry on Tuesday 01/19.
MY BIGGEST AREA OF FOCUS RIGHT NOW - Look at what the moving averages are trying to do. We seriously could see them go bearish or bullish. All 4 are within moments of each other. Will be interesting to see how they all react the next few days. And honestly the 200ma is acting as a bit of resistance right now.
I am also impressed at the steady increase in volume over the last year of trading.
$BAND.
BAND/USDT Bullish Triangle: Road To All-Time-HighBAND/USDT has recently touched the last high around $11.40, after which it formed a double top and went down for a little.
Currently, the price bounced off two times from the $9.40 support, sending the price back up. We can clearly see a bullish triangle pattern developing on the chart, ready to take-off!
For now, R1 is the first resistance to beat, placed at the top resistance level of the bullish triangle. After that, the road practically clear of any obstacles till R2, marked at $13. If we manage to take that resistance out, be prepared for new all time highs. Happy trading!