Double Bottom on the way!!!A good double bottom pattern is going to form on 4H chart of BANDBTC.
Bottoms are on 6930 area which has overlap with 0.5 fibo. level So it assumed to be a strong support.
Neckline is around 7200 sat, if the price break the neckline then the target will be achieved easily.
target of the double bottom is around 7520 area as depicted on the chart.
one can open the position at the moment or wait for neckline breakout. trade on your own risk.
Happy Hunting!!!
BANDBTC
BANDBTC With a 30% Opportunity On The 60m! [QUICK UPDATES]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
The price of the extremely volatile BAND coin is currently moving between the areas of resistance (0.0000600) and support (0.0000415). Since we've seen the price bouncing off this support zone multiple times before, and we also observe a confirmatory bounce on the current hit of the resistance zone, this seems like a good entry for a bullish scenario.
Since the price is so volatile at the moment, fantastic gains are to be made here. But also big losses, you know how it goes. Be careful out there peeps!
Some quick words about BAND:
Band Protocol is a data governance framework for Web3.0 applications operating as an open-source standard for the decentralized management of data. They aim to band communities together with open and reliable data source through decentralized curation protocol.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
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Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories:
BAND/BTC (Early Sign of Weakness?)BAND/BTC
-the strong parabolic uptrend, over 70% up
-early bearish RSI sign
-approaching Fib resistance at 0.786
-upward trendline support still intact though
-not safe to enter a Long position
-wait for a pullback at key support before considering
-there is a lot of opportunity in this market
$BAND, Currently reaching High from December '19..$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
BANDBTC is in a good position All of our indicators are referring to buy this coin and I think it's very close to making a good pump, it just needs more volume to fly and not affected by BTC movement.
I think the normal price for it is 0.00008 sat but that's not mean the pump will go to this price but I am talking about the long term of movement.