BANDUSDT
Band Protocol one of stacking coin for 2021Band 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.
Rank #98
Token
On 62,158 watchlists
Band Protocol Price (BAND)
$11.15
12.30%
0.0003322 BTC
0.008469 ETH
BANDTuesday, 27 April 2021
11:11 AM (WIB)
Connecting Blockchains and Smart Contracts to Trusted Real-World Data and Services
Smart contracts rely on external price feeds, events, and values provided via traditional web APIs to resolve its logics and enable secure token transfers. Band Protocol provides a secure, blockchain-agnostic, decentralized oracle framework for Web 3.0 applications. It connects smart contracts with trusted off-chain data and ensure the integrities through token economic incentives, effectively creating a trusted information bridge between the Web 2.0 and the Web 3.0 of the future.
bandprotocol.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Where the heck does BAND want to go?Subtracting BTC's recent and ongoing volatility, I think it's just too darn early to tell. And, again, BTC, moves, can send alts in a tailspin.
Where might you keep a close eye to spot bullish continuation or a trend reversal to bear?
I think .38 fib at about $14.88, is where we should see double bottom market structure (with confirmation) form if this is a bull.If you trade candlesticks, keep an eye out for inverted empires or bullish railroads, hammers too. It's also an area where me may see failed bullish retest and a continuation down putting in a confirmed bearish double top. Possible bearish railroads or falling star candle patterns.
$13.78, is right at horizontal and trend line support. Critical that price respects this or next stop, down...
At $12.08, would be a 50% retrace. Could see bullish market structure here take form. Not uncommon for price action to come down and tag this.
Finally, $11.32 would take price back into value and would likely revisit much lower. I would declare this very likely bullish, especially if overall crypto trend is weak.
On the up side, if it picks up momentum and looks favorable I'm seeing not much resistant North. Could see potential profit taking areas in mid-high twenties to mid thirties, where I suspect big players who are accumulating during these dips would start selling back to the retail public.
I love BAND. I have a bag. I think it's extremely undervalued. Love the low circulating supply. Awesome dev team. Big name VC firms behind it, and really Chainlink's only serious competitor in the space for the moment. Important to say, I really try hard not to trade my opinions or to make predictions.
I will share my take on the internal indicators of market strength below in another chart.
I've numbered my chart to take you chronologically through my thinking when looking at assets.
BTW, I'm a beginning trader/technical and fundamental analyst. Received my education and training from The Rational Investor (TRi) school for trader development. I welcome comments and differing opinions, please share. Happy Trading!
*This is not trade or financial advice. DYOR
BINANCEUS:BANDUSD BINANCE:BANDUSDT COINBASE:BANDUSD
BAND / USDTBAND had a very decisive move today after the great news on partnership with Google.
Unfortunately, I have missed this trade. Got greedy when noticed the move and got in too late.
Watching the pull back now to dca into my initial trade (opened at 22).
It might be coming back to turn resistance into support or confirm the diagonal trend line.
Don't think it's done with this leg.
Good project with the potential for the longer term as well.
BAND gaining momentum after Google announcementTechnical analysis regarding the price of BAND PROTOCOL in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
BAND Undervalued ? Ascending Triangle FormationBAND is another one of those coins that I feel is quite undervalued still, It is a cross chain data oracle for the web 3.
I see the importance and aim it takes for cross chain implementation is superior to LINK, especially with more ecosystems such as Binance Smart Chain, Huobi ECO, Polkadot, etc. The potential for BAND is much greater than LINK I believe.
With LINK sitting at a 17 Billion $ Market Cap, and BAND at a 500 MILLION $ Market Cap.
Even a 20x of Market Cap would have BAND sitting at a 10 Billion $ MC, meaning a price of almost 400$. Fundamentally speaking this is one of the coins I suggest having in your portfolio if anything, for the MID-LONG term.
Technical analysis side shows BAND following an ascending triangle pattern on the 1D chart, It is about break above the 20$ resistance level which has acted as resistance previously (two red arrows indicating it).
Maybe a scenario displayed by the blue path line could be the playout in the short term potentially (could play out much earlier though with current market sentiment), ideally I would like to see a break above the 20$ resistance and a run up to 25$ - 30$, before it comes back down to confirm a S/R flip.
Thanks for reading!
BAND BREAKS ABOVE MAJOR RESISTANCE - FINALLY!!!I've been trading / accumulating BAND since around 9.6, so I've been waiting on this move for a minute (see previous charts below).
And when I entered that mid term hold, I knew literally nothing about the BAND project. I decided to get in 100% on technicals. It's just so obviously bullish on the higher TFs.
It's been tricky to trade, but a solid mid term holder if you can ignore the day-to-day chop. Definitely hasn't been a straight line up to this point...
Assuming BTC cooperates, This should trigger a major push higher soon. Look for re-entry on a retest of the previous resistance levels, but don't blame me if it never does... ;)
happy trades,
CD