BANDUSD - Ready for a moveBAND looks nearly ready for something big. Will be keeping an eye out for the re-test of descending wedge and EMA.
There also seems to be an expanding triangle, which may see its next move to $8.00 before meeting resistance.
Am cautious though, as there appears to be a level of hidden bearish divergence on the RSI.
BANDUSDT
Strong resistance expected at THIS level & support to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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What could this BIG move mean & next resistance levels to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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Next levels of support and possible signs of reversal to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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Quick Band Analysis on the 12HHere is as simple interpretation of Bands current state and what I am watching for before I take a position.
As you can see Band has previously respected descending trendlines pretty well. Currently it stuck behind one and needs to brake out in order to reverse its current downtrend. But now you can see its not only stuck behind a descending trendline but also has fallen through a pretty important support around the $5 mark which is now resistance.
If Band manages to break out of the descending trendline it will also has to overcome what is now the $5 resistance before I take a long position.
If Band breaks out of the descending trendline I will consider it a bearish retest until it has reclaimed the $5 support line.
I have drawn a couple examples of that above.
Sorry I did not set any price predications either way just sharing my perspective.
NEXT levels of support to look for if price keeps falling*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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Key support level to watch out for can we stay above it?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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Band Easy 42% Gains 'Easy Money'Atm we are in a Consolidation on $Band, but that's not a problem, because we can still trade this asset as I describe, please make sure you set the Stop Loss on the 1ST Target, after he moves Forward, so there for, you will not lose money and if he doesn't trigger the 2ND Target you will still have a 14% Gain.
Be Safe! Trade with Caution!
BAND/BTC (Daily Bear Break)💎Technical Analysis Summary💎
BINANCE: BANDBTC
-BAND fell below its key level of support around 51k sat area
-Currently, it is a consolidation of the potential bear flag
-This is not good in the short term price action
-If you are looking for a good position swing entry
-Wait for the price to reach the next key level
-And patiently look for bullish signs
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More bullish confirmation - can it reach this measured target?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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Bullish signals apparent - will it break out soon?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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BAND is looking bullishAfter the huge run, are we done correcting? We have the bullish RSI Divergence. That is step 1. Now we are seeing bullish higher highs and higher lows. That is step 2. We could be done correcting! Not time to go long yet tho. Lets wait for confirmation.
Remember that Cup and handles are super bullish formations.
BAND Offers Multiple Opportunities for a 45% ProfitBAND experienced a tremendous 7,500% growth this year. Following the massive growth, the token experienced a 65% correction starting in September. However, the downward pressure slowed down, and we are now in a consolidation phase.
The Opportunities
BAND was previously caught in a descending channel on the 4h chart. On the 24th of September, the token broke this channel and entered a consolidation phase. When an asset consolidates, it is usually stable and moves a few percentages at most. BAND, however, is a different beast. Even in its consolidation period, BAND still has a 45% margin from top to bottom, meaning that if you buy at the bottom of the range and sell at the top, you stand to gain 45%.
Catching the whole trend is almost impossible. However, even by cashing in half of it, you stand to gain over 20% profit.
Taking Advantage of the Opportunities
There are different ways to take advantage of this consolidation period. The most basic approach is by trading based on support and resistance. The lower range stands around $5, while the upper range is around 7.5$. However, the token doesn’t always reach the bottom or the top, and it usually ranges around the middle. Therefore buying BAND at 6$ and selling at 7$ ensures a decent profit margin with a healthy amount of trading opportunities.
Another way of taking advantage of these opportunities is through the use of technical indicators. Momentum indicators are best suited for ranging periods. Some of the most commonly used momentum indicators include: the Stochastics, RSI, Williams %R, and the MACD.
BANDUSDT: Possible Long (18.10.2020)At D1, the price has broken up the downtrend line. The trading volume increased significantly, and a good initial impulse was formed.
In addition, a divergence between the price and the RSI was formed on D1.
On H4, the price set a new high at $ 7.5 and found support at the 61.8% Fibonacci level. RSI reached the oversold level and began to recover.
We recommend buying BAND, to keep the position above $ 11.