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BANDBTC

BANDBTC forming bullish BAT | Upto 361% move expectedHi, my friends hope you are well, there is another bullish wave possible by the price action of the BAND protocol token. Formation of bullish BAT pattern: This time on a 4-day chart the BAND token is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be: Potential reversal or buying zone: 0.00040957 to 0.0002697 btc Fibonacci projection or sell zone: 0.00074126 to 0.001246 btc Stop Loss: The potential reversal zone area that is up to 0.0002697 btc can be used as stop loss in case of complete candlestick opens and closes below this level. Possible profit and loss ratio: As per the above targets, this trade has the profit possibility of 361% and as per the above-mentioned stop loss, the loss possibility is 34% Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
1
Time to get the BANDBTC back together? BANDBTC feels like the neglected step child of crypto, constantly playing second fiddle to LINK. After a couple days decline BAND posted it's first strong candle. This coincides with it breaking below it's MA 100. It's possible we might see a little bump from BAND here. Still risky to say as this support level has no historic data to draw from. RSI has crossed and looks strong. MACD still questionable, though the daily MACD doesn't seem to be a good indicator of movement historically for BAND. Overall, I'm predicting further declines, though short term gains could be in order with the current chart. If the market recovers this week and the stocks don't keep going down, this further decline may be invalid. BUYING IN? If I'm buying in right now, I'm doing one of two things: 1) looking for a modest 15-30% gain and setting a stop loss tight to the recent low of .0005230. This is a high risk move, if I'm making this, it's with a relatively small amount of capital, 2-5%, with the intention that if it goes south I will make up the losses off the bigger drop later. or 2) looking for a modest 15-30% gain but with a much smaller amount of capital, with the intention that if it goes south I will DCA at a lower price for an eventual bounce. Realistically, proper balance of risk would be seeing how the market plays out after the weekend. Low volume on the markets right now, so can't really trust the movement until we see more data. If things take off this week, you won't miss THAT much profit by waiting a bit to confirm. Safe trading :) I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Likes, feedback, criticism and crude humor are always welcome :)
by cryptosince1963
BAND/BTC (Short Term Downtrend?) BAND/BTC -This coin is on a short term downtrend -Its value has depreciated by over -40% from the High -Technically, there is no strong support at current market price -The area which is likely to react is somewhere around 72350 region -This is a confluence of Golden Fib level, 200ma support, and previous resistance -So the chance we might see a bounce up reaction is high -I recommend opening Buy orders only if there is a bullish rejection -Because this will give us extra confirmation of support is being built
by PolarHusk
1
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.
by moon333
2