BAND Vs TetherUS Chart Mapped (333%+ Target)Band Protocol (BAND) Overview
About Band Protocol
Band Protocol offers a decentralized data oracle by making data readily available to be queried on-chain, using delegated proof of stake ("dPoS") to ensure data integrity. It aims to be the go-to data infrastructure layer for Web 3.0 applications by providing decentralized, curated off-chain data to smart contracts through oracles managed by its dPoS consensus mechanism.
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BANDUSDT (Band Protocol) is looking pretty strong with prices trading above all EMAs on high volume.
This altcoin pair can easily continue to grow.
On a drop, the first support is found at EMA10 or $0.4167.
A bounce can happen at this level.
If prices go lower, the next support is marked where you see EMA50 and all the other EMAs ($0.3533 - $0.3212).
Our targets are marked on the chart.
If you zoom out you can find additional targets or check the chart below.
BAND / TetherUS Weekly (W) |
Here we have a strongly bullish chart.
Last week printed the biggest volume bar ever for BANDUSDT.
The TD Sequential is bullish. The MACD and RSI as well.
I've also marked 333% potential profits from current to the 3.618 Fib. extension level.
Thanks a lot for reading.
Namaste.
Band
$BAND, Currently reaching High from December '19..$BAND
50% since our setup on Feb 18
Currently reaching High from December '19 & trying to cross above it..
RSI reaching overbought / UCTS buy signals on 1/2D
Buying against resistance looks risky, but looking for potential breakout/flip as entry
#BAND
$BAND,Sitting over support at ~3050sats matching EMA50 on the 1D$BAND
Sitting over support at ~3050sats matching EMA50 on the 1D
UCTS Buy signals on the 1/2D
On lower TFs seeing bullish divergences around RSI & MACD
Previous iterations with this level lead to a bounce back to ~4k (20%+)
Due to #BTC activity I will use a tight SL
#BAND
BAND ANALYSIS (RETRACE IN PROGRESS!)BAND ANALYSIS:
BAND has been rejected since hitting a top at over 3870 sats! BAND is now struggling to maintain above the 50MA after one small bounce. I expect BAND to retrace a bit further down to a potential buy zone and what could be a short term support line at 3000-3150 sats. This is a great entry point, as a double top would then be expect at T1 of 3602 sats, and lastly T2 at 3710 sats. The volume saw a major sell wick and has been decreasing along side the retrace. The current relief rally should give out and fall further into the buy zone. Stagger long bids inside this zone!
Potential buy zone: 3000-3150 sats
BAND : Upto 75% Profits Opportunity In The Mid TermAccumulation Area : 2800 sats - 3150 sats
Distribution Targets :
Short Term :
🎯 Target 1 : 3385 sats
🎯 Target 2 : 3699 sats
🎯 Target 3 : 4014 sats
Mid / Long Term Targets
🎯 Target 4 : 4462 sats
🎯 Target 5 : 5033 sats
🎯 Target 6 : 8124 sats+
Stop Loss : 2300 sats
Invest: 3%
Risk/Reward: 20% / 100%
$BAND, Crossing over ~3000 sats resistance$BAND
Crossing over ~3000 sats resistance on a volume spike, reaching to EMA50 on the 1D
UCTS Slowly showing buy signals on LTFs...
Holding this level or R/S Flip as potential entry
Breaking above descending trendline could be also a trigger
~4k sats as target (30%)
#BAND
BAND Starts To Move | Great Potential Long-Term (160%+)BAND (BANDBTC) just broke above EMA10 on high volume.
Here we can see the potential path mid-term and also the next short-term move.
BANDBTC can climb up straight and 0.00004792 or even 0.00005969 before retracing.
After breaking above EMA10, there is also the possibility of a short retrace, multiple days long, before the next strong bullish move.
The early signals though are telling us that December can be a really good month for BANDBTC.
Stay tuned, as this will grow a lot like the other altcoins that are going full green.
Namaste.
BAND on Binance (BANDBTC) Young ChartBAND (BANDBTC) has a young chart... While charting we use past history (chart data) in order to determine the different support and resistance levels, as well as to corroborate the different signals we get from the indicators and charts.
We also use past history to study the behavior of an asset over time and compared to other assets in the market.
So a young chart is a huge disadvantage as there is no past history so we can only focus on what happens next...
BANDBTC is now trading above EMA10, we consider this to be bullish. But if it moves lower we become bearish... Each candlestick on this chart goes for 1 hour... The charts are always changing.
Above the magenta line, which is the last peak and resistance, BANDBTC can move higher. Below it, it can do sideways consolidation.
The blue dashed line is the support, if this one breaks then BANDBTC moves lower and tests EMA50 (0.00006818), if EMA50 breaks it will go lower to test the big dashed blue line. Below this level, it would go for the next support.
Each support/resistance level offers the opportunity for a bounce.
Two potential scenarios are drawn on the chart with green and red arrows.
The numbers on the chart are the Fib. proportions from low to the last peak. Below the current price, these numbers can work as support levels, above the current price, we call them resistance levels or targets.
Any questions?
Feel free to leave a comment and share with me/us your thoughts.
This is Alan Masters...
Thanks a lot for your continued support.
Namaste.
BTCUSD still on an upward trajectory.Guide band range set to = 4 on the weekly chart.
LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels.
Price needs to stay within the green band shown.
If price moves to the upper bound within the green band, it is more likely to come down.
If price move to the lower bound within the green band, it is more likely to rebound upwards.
If price breaks significantly into the upper red zone above the green band, it is very likely to get strongly rejected downwards (i.e. during the past ATHs).
For price to advance higher, the collective LVDT band levels needs to first climb higher first to provide the upward "channel" for sustainable growth.
Right now, the LVDT bands looks to be on a healthy steady growth trajectory.