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.
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BANDUSD
BAND Token Analysis 10/03/2021we had analyzed this token earlier and capitalized on it. New Update and Positions are taken in this Publication.
Fundamentals:
Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.
By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.
Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.
BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.
Band Protocol is designed to be faster and more efficient than competing oracle solutions and is also compatible with most blockchain and smart contract development frameworks — ensuring reliable data can be fed to and from multiple different blockchains.
To achieve its cross-chain data transfer, Band Protocol plans to leverage Cosmos' still in-development Inter Blockchain Communication (IBC) protocol. It remains unclear how long it will take until the IBC is operational and ready for use.
Band Protocol is designed to offer permissionless oracle creation, allowing anybody to start servicing data requests. It also offers extremely simple smart contract integration, allowing developers to begin using data from Band Protocol oracles with just a few lines of code by calling on a predefined interface.
Band Protocol was founded in 2017 by Soravis Srinawakoon, Paul Chonpimai and Sorawit Suriyakarn.
Soravis Srinawakoon, the current CEO of Band Protocol, is a former software engineer at Ericsson and management consultant at The Boston Consulting Group. Paul Chonpimai, on the other hand, is Band Protocol's CPO, and a former web developer at Turfmapp and engineer at Tripadvisor. Lastly, former software engineer at Dropbox and Quora Sorawit Suriyakarn is Band Protocol's current CTO and a gold medalist competitive programmer.
In addition to the founding team, the Band Protocol LinkedIn page currently lists a total of 20 additional employees, most of which are scattered throughout Asia, and include designers, developers and engineers. The platform is also supported by major global investors, including Sequoia Capital, Dunamu & Partners, Spartan Group and Binance.
Technical Analysis:
as earlier we had 3 Targets and the price as Triggered our 2 TP which is the 161.8% (Extension) Zone of Fibonacci Projection of the initial Impulsive wave after the Accumulation Phase.
it means now we have the confirmation of our past 3TP and current 2TP (25.5$,)which is 261.8% of the same Fibonacci Projection.
currently we have 3 targets
1TP: 18.5USD
2TP: 25.5USD
3TP: 32.33USD
we may have some price correction and Retracements after achieving 2TP, before the price start rallying to the 3TP.
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!
#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!
band short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Entry: 1.699
Profit: 0.993 (41.55%)
Stop: 1.873 (10.24%)
Risk-To-Reward: 4.06
BAND looks ready (30 % pump)BAND looks like it's ready to make a move.
The price has been respecting the upsloping support line and currently is below the horizontal resistance. Once it breaks the resistance, we should see an explosion to the upside.
30 % move likely.
Enter long at the breakout or once the price consolidate above the horizontal resistance and back test it as a support.
Good luck
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
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Band can 4x if it can flip the weekly 50ma to solid supportThe title basically says it all. I’m looking for 1-2 weekly candle closes above the weekly 50ma (in orange). If so we should confirm the bullish breakout from the yellow wedge. On the 1 day chart (not shown here) we have already had a golden cross…a bullih breakout here would confirm that that golden cross will be sustained. *not financial advice*
BAND BUY SETUPhi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the BAND symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BAND CAN GO UPHello, dear traders. how are you ? Today we have a setup to buy/long the BAND symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BAND Protocol very fluctuates. Good prospects for earning moneyThe BANDUSDT price is quite dynamic and has been trying to break through the red line of the falling trend throughout November.
During November, buyers organized 3 growth impulses: the first +200%, the second +100%, and the current third is currently +50%. A good regularity)
Since the coin is very fluctuating, it is better to trade it by placing limit orders for buying in advance and similarly for selling at strong levels.
What we did)
We left all the levels from which we trade on the chart - use it if you want
Now the BAND price has once again hit the trend line, and therefore the resistance level, which means it is logical to cover part of the long position. The other part of the long position can be kept up to $2.75, because there is a chance that a consolidation triangle will be formed.
We are ready to take the next long if the price of the BAND Protocol token will confidently be fixed above $2. We hope it will already be above the trend, and then we can more confidently dream of BAND at $7
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BAND protocol formed bullish Gartley for upto 95% pumpHi dear friends, hope you are well and welcome to the new trade setup of BAND protocol token.
Our last harmonic trade setup of BAND was as below:
Now after a long-trim, on a daily time frame, BAND has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Band Protocol: Anticipating Major Volatility In The Near FutureBand has already had a huge move upbut despite that it's not trading anywhere near the levels it used to trade at relative to it's highs. I think that now that the RSI has cooled down from it's recent highs that we will now see Band Continue the Bullish Momentum and make a move up to around $4.50 thereby completing a the Bull Flag it's Developed here.
BAND! Looking bullishAnother Technical analysis on BAND! Look Perfect for a small Run. Like the previous chart, Band is about to make a quick move. Watch this one in the next few days. 4hours trading time frame. Simple use of indicators and strategy. For Short lowest resistance is $1.14. For Long, $1.83. Follow for more analysis!
Trading opportunity for long position BANDUSDTBased on technical factors there is a Long position in :
📊 BANDUSDT
🔵 Long Now 1.179
🧯 Stop loss 0.925
🏹 Target 1 1.530
🏹 Target 2 1.920
🏹 Target 3 2.689
💸Capital : 1%
We hope it is profitable for you ❤️
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BAND/USDT - Market Update 20.08.22Hello Traders!
The price of BAND continues to move in a downward trend, testing the support level of $1.30. On the weekly timeframe, the price remains under the MA100 and under the resistance at $3.11 and $5.63, which indicates the continuation of price formation in the downward direction. Considering medium-term positions would be interesting in the case of a drop.
The range for accumulation will be a zone of $0.56-0.77.
The targets are the price levels of $3.11 and $5.63
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BAND 20% jump?PA is strong here. lower timeframe 4h, price can hit white MA with next candles... Very tight SL in case that market changes quickly as BTC might drop.
MANAGE YOUR RISK PROPERLY... NOT FINANCIAL ADVICE