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BAND/USDT Weekly Support too strong , Bullish Momentum ?Yello Paradisers, Keep an Eye on BAND: A Key Moment 💎BAND has shown a strong rejection at a key weekly support level, highlighting the resilience of this area in preventing further downward movement. 💎The next step for BAND could be a bounce back to test the supply zone, which will serve as a litmus test for its future trajectory—either breaking out of its current pattern or revisiting the weekly key support yet again. 💎Should BAND manage to break through the supply zone and its descending pattern, it could set the stage for a short-term bullish run, potentially reaching and then pulling back from a bearish order block (Bearish OB). 💎However, this bullish scenario would be invalidated if BAND closes the week below the established support or the designated green line.
Long
by MyCryptoParadise_Nathan
7
Need to check if it is supported around 1.111Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BANDUSDT chart) To continue a full-fledged uptrend, the price needs to stay above 1.447-1.511. In order to do so, it is important to be able to receive support around 1.111. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
BANDUSD Top of the Channel Down hit. Potential break out.The Band Protocol / BANDUSD hit today the top of the 8 month Channel Down after a strong rally that saw the 1day RSI recovering from deeply oversold levels. This pushed the price above Fibonacci 0.382 but still under the 1day MA200. Buy after the 1day MA200 breaks and target the 0.618 Fibonacci at 2.0500. The 1day RSI is also testing the Falling Resistance, a crossing above it will be an additional buy indication. Follow us, like the idea and leave a comment below!!
CRYPTO:BANDUSD
by TheCryptagon
1
The BAND Marches OnLet's dive right into BAND, a fascinating crypto coin that's made its mark on the one-hour timeframe. At present, the zero level of the Fibonacci sits at 0.909, while the midpoint rests at 1.004. Interestingly, the first level marks 1.049 on the charts. The advanced Fibonacci levels, namely the 1.618 and 2.618, unveil critical areas at 1.105 and 1.195, respectively. These levels can become particularly significant in the event of a potential upside surge. They might act as formidable barriers to break, requiring substantial bullish momentum. Meanwhile, the 50-length Exponential Moving Average (EMA) comes in at 1.029. The EMA, a powerful tool for traders, smooths out price data by continually updating an average of past prices. This level potentially indicates a robust support or resistance level, depending on the price movement. On the Bollinger Band front, we observe the upper band at 1.114 and the lower band at 0.942, with the middle nestled at 1.028. The band's expansion and contraction can serve as a volatility indicator for BAND, signaling potentially significant price movements. As for the relative strength index (RSI), it stands at 67. This indicator helps identify overbought or oversold conditions in a market. A level near 70 typically suggests that BAND may be becoming overbought and could be preparing for a possible price pullback. The volume oscillator showing a negative 22 denotes decreased trading activity, which can suggest a consolidation phase or signal an impending significant move. On the other hand, the stochastic oscillator rests at 78, floating in the 'overbought' territory, possibly forewarning of a potential trend reversal. Moving onto the On Balance Volume (OBV) indicator, we note an intriguing 96 million. The OBV essentially serves to link volume to price change, offering insights into market participants' behavior. Next, we have the MACD, a trend-following momentum indicator, presenting a value of 0.021. The MACD is currently above the signal line, indicating bullish sentiment for BAND. The current market price is 1.082, marking an 11% change in the last 24 hours. On a historical note, it's worth mentioning that BAND had taken a tumble from 1.196 around June 10th, 2023, plummeting to the lows of 0.943. Since then, it has been hovering around that area, but there are evident signs of an upward movement. Now, onto the crucial part of our analysis: resistance and support levels. The price history reveals that BAND has considerable support near the 0.943 mark, a level it bounced back from after its recent dip. This area may act as a safety net, potentially curbing further price declines. On the resistance front, the 1.196 level, representing the recent peak, can be a tough wall for BAND. Breaking past this barrier would mark a bullish victory and could open doors to higher levels. In conclusion, BAND has been through a roller-coaster ride recently. Its current upward trajectory looks promising, but the market is still teeming with unpredictability. As always, remember to trade wisely and stay tuned for more updates on BAND's exciting journey!
by ShawnMCR
4
#BANDUSDT Shows Signs of a Potential Bullish Breakout💎 The formation of a double bottom on #BANDUSDT could be the signal bulls have been eagerly anticipating. Interestingly, we're seeing similar patterns across multiple coins recently. However, with #BAND, we're also observing how the downtrend trendline has flipped from support to resistance. It appears the price is gearing up for an upward move, targeting the previously established resistance near $1.59 (which aligns with the 38.2% Fibonacci retracement level). 💎 That said, we should also be ready for a potential minor pullback towards the $1.40 demand zone before/if #BAND embarks on an upward trend. 💎 Lastly, it's crucial for our ParadiseClub members to note that if the bulls fail to defend the double bottom, the bullish outlook is highly likely to be invalidated. Stay alert and trade safe!
Long
by MyCryptoParadise
BAND/USDT Getting Rejected ?? Hey guys 👋 BAN/USDT is next on our watchlist today. We see a good potential for a drop to happen here where price seems to be getting rejected from current zone. Any thoughts here? If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
4
BAND Protocol. Target for price growth 100+%Soon, the crypto market will enter a period when altcoins will start shooting up so much that it will be very difficult to keep up with buying them all. Consolidation is a long position (either short or long). Given the fact that the downward trend in the crypto market has been going on for almost 2 years, the assumption that a global trend reversal is now taking place is more than realistic. In our opinion, it is worth paying attention to altcoins whose price charts are undergoing prolonged consolidation and are nearing their logical conclusion. For example, a quick analysis of the BANDUSDT chart: 1. The first powerful upward shot of the price was back in November 2022, a month before the entire crypto market started to grow. So there are buyers, they are strong and aggressive. 2. The protracted consolidation has been going on for almost 5 months, at the theoretical bottom of the trend. This means that the realization of such a long accumulation will be upward. 3. The ideal level for buying BAND is $1.50. The safe level for buying BAND is $1.70 (after the consolidation is over) 4. The medium-term resistance level is $3.30, the long-term target, where it would be cool to sell BAND at $7-8.50 How do you analyze projects? What trades are you interested in: short-term trades for 5-10%, medium-term trades for 20-100%, or long-term investments with a 100%+ return? What ideas are more interesting to you: with text or just with arrows where to buy and where to sell? Share your thoughts in the comments _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
46