Band
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.
BAND Looks Ready to RunClassical pennant setup on the 4H BAND/BTC chart.
Will wait for close above sloping resistance before piling in. I'd be VERY surprised if this broke bearish, considering all the hype there is around oracle coins right now.
Now that Link is testing $20, bulls will be looking to get into BAND as the cheaper alternative. I think big buyers are waiting for a clear breakout signal before jumping back into this, so entering before that will be a gamble but the pay off could be very good.
Set stop losses!
BANDBTCHere we can see a Zigzag pattern and after this light correction we can expect a huge explosion!!
Really quick look at band. Bullish in very short term. The very limited data on Band suggests a decent size spike upwards is going to occur soon.
BAND +50% ?BAND has been everywhere lately and it did listed to Coinbase yesterday. Usually when new coin gets listed on Coinbase there is pump and retrace which will lead to new leg upwards. Lets see if this triangle can catch new BAND pump.
BANDUSDT analysisWe can buy at support and then looking for engineering robo signals for sell decision as the chart is at all time high.
ATC vs BAND/BTCHi, today we will look at one of the growth leaders this year.
The last movements were especially good and as we can see the ATS was able to determine start and the end of the trend just in time.
Script settings for 1D timeframe:
· Signal calculation type - "Low"
ZAP/ USDT supports and resistanceAN idea about where the emerging supports and resistances appear to be in the recent slow down of the parabolic moves that ZAP has made in the past few weeks.
BANDUSDT AnalysisCONGRATULATIONS to people who bought BAND in the beginning of July from MOON signal, enjoy your 210.54% AMAZING PROFIT that you made in 1 month!
There are also green cloud & MA20-MA50 cross strategy present as a BUY signals.
If you bought BAND, do not hurry to sell as long as the candles are above the support level (4.57).
You can wait for EngineeringRobo's sell signals or if the candles open-close below the support level (4.57), you can go ahead and sell it.
If you haven't bought yet, there's a candle open-closed candle above the support level (4.57) & there are 3 BUY signals from Engineeringrobo.
So, I'm bullish and if you haven't bought yet, you can buy right now.
BAND/BTC = ABOUT TO MOVE AND FOLLOW LINK21EMA and Kijun on the daily bounce.
Look for this one a high R setup for sure!
As it rides higher make sure to move stops!
BANDUSDT ANALYSİSNow I have 2 negative 1 positive signals
we can not say anything because of we have no information about that level before. It is unpredictable
It is not a good idea to hold or to buy this coin at the moment
In April Buy2 and Moon signals brought x2 only 15 days and also buy3 did realy good job too
In May Buy3 and Buy2 signals brought %70 profit in 20 days if you followed only moon signal at that time you earned x4
In July Buy2,Moon and Buy3 signals brought x3 profit in 1 month
If you still didn't use EngineeringRobo please dm me .
BAND BTC DEFI TOKEN PULLBACK DUE?These DEFI projects are going crazy and i've been looking for an entry on this one. Maybe this is it if it gives.
We just saw an extension based on Fibs to the 2.618 based off the 10th May low, 26th May high and the 27th June low.
What i'm looking for now is a pull back to the channel high which is confluent with a Daily level, Fib golden pocket and the aforementioned channel top. So around the green box area 28577 sats - ish.
Will i get it? I don't know but the confluence is there for me for at least a decent scalp.
BAND tries to start again BAND tries to push the trend line. Also it printed a hammer candle in 4H time frame. Hope that it's means the end of retracement.
BUT it's still risky cause this coin pumped about 400% this month and it's in the sky now !
BAND with new ATH!! Watch the PAMP!BAND seems to be pushing hard following ChainLink and Tellor, a cheaper option in the oracle defi-space. I do expect it to retrace as it appears to be overbought looking at the RSI, but how far can it come down or will it keep going with those blue skies?
I have laddered in my buys on the way down starting at $3.50 down to $2.60 range, anything else is a bonus....I don't want to miss this train :)
DYOR not financial advice, please do leave your thoughts and comments :)
BANDUSDT AnalysisI am mostly positive about BANDUSDT. Engineering Robo 2 is giving a Buy 2 signal. In addition, the MA 20 (blue line) is going over the MA 50 (yellow line) indicating that it is time to buy it. The trend has increased steadily and is currently just below the resistance line. If the candle opens and closes above the resitance line, I will buy it. If the candle goes down and breaks the support line below with an open-close candle, I will sell it.
BANDUSDT ANALYSISI am bullish in this coin. However, the best opportunity is signals of the EngineeringRobo because the last 2 candles passed the last horizontal line.
