BANDUSD
BANDUSDT (BAND) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- BANDUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
BANDUSDT (BAND) - POSSIBLE PRICE ACTIONSANALYSIS 🔎
- BANDUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
- There's a breakout potential.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
Band has a Buy Opportunity 🔥Band/USDT is one of the good Defi currencies and I think it has good potential and we will see it above $ 10 soon.
We have two important levels of support, one on the floor and one in the 50% Fibonacci zone.
The first level is a good area to buy and I think with the Defi Hype we have now it can move towards its ATH.
Buy Zone : 8.6 - 7.2
TP : 10.8 - 12.7 - 14.60 - 17.1
SL : Daily Close Below 5.2 $
Band Protocol Ready for New All-time highBand Protocol is an Oracle + DeFi coin. Oracle coins are pumping hard with LINK and DeFi is still in trend. We expect BAND will follow LINK and DOT. There is a lot of accumulation done on BAND and now it is breaking out. The breakout is confirmed and retested in the support zone. There is only one way to go now... Moon
Buy Zone: $9.5 - $9.7 (Add more if drops to $7.5)
Target: $10.88- $12.3 - $13.06- $15.35 - $17
✳️BAND Protocol/USDT Analysis (6/1) #BAND $BANDBAND has just broken out of sideways in the 4-8$ zone and if this 1D candle closes above 8$ it will be a bullish signal for BAND and it will easily move up to 12$
Pay attention to BAND as it is a coin had very strong and fast pumps that can reach 14$ or even 20$
But if BAND turns around and closes this 1D candle below $ 7.5 then it will be a false break and the situation will get worse if it loses the $ 5.5 zone.
📈BUY
-Buy: 7.5-8$ if A. SL if B
📉SELL
-Sell: 11.5-12$. SL if A
-Sell: 13.5-14$. SL if A
-Sell: 19-20$. SL if A
♻️BACK-UP
-Sell: 7.5-8$ if B. SL if A
-Buy: 5.25-5.75$ if A. SL if B
-Sell: 5.25-5.75$ if B. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Band going to 40 summer! Get your moon boots on!The other day I published that Band was breaking out of its .236 fibonnaci retrace and would be on track to hit $10 before it encountered resistance and - this week Band did that almost perfectly!
Band breached 10 and bounced off of the .50 percent fibonnaci retrace this week almost perfectly. Now I would say its a little to soon to say if band will continue to break its all time high now, or if it will consolidate over the next few weeks before continuing up, but I also wanted to give some long term projections:
There you will see a comparison I made between Band and Chainlink. They are both oracles, but clearly Chainlink Obviously has a much higher market cap - for now. We must also keep in mind that Chainlink beat BAND to the market by 1 year and if you compare Band to Chainlink its eerily similar.
When Band Protocol it went main-net last summer it exploded (just like chainlink did when it had its Mainnet launch in 2019.) A few months after Chainlink had its Mainet launch, it dipped down to the exact level band protocol is at, followed by an explosion to $4.4 which is equivalent to 25ish/27ish in band protocol terms. Story goes on, 1 year from it's mainnet: chainlink hit all new highs at $18 ( which in band protocol terms would correspond to the $40-$50 range.)
I would venture to say that if the band protocol development team does not slack off, band token can reach a similar level of performance. We need to make sure that validation request keep rising, validators keep rising, and new partners get onboarded because that will be a good indicator of network growth. Keep in mind Band protocol will hit its one year anniversary this summer, we must monitor its development closely because if it performs similarly we will all be Rich as F^Ck!