BANDUSDT
Bearish formation apparent - watch out for THIS level of support*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 TIME TO REGAIN STRENGTH? BAND Showed A Lot Of Weakness In Comparison To It's Rival (ChainLink)
We Are Reaching A Point Of BreakOut Which Could Result To $9 - $10
--> Rejection Will Lead To A Lower Low ($4)
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Are we in reversal for more upward price action?*DISCLAIMER: These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
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Bullish signs apparent - could this be the bottom for now?The current situation:
1. Price action is currently being supported by the 3D 50 and weekly 21MA with some signs of bullishness in their current or previous candle pattern with a hammer.
2. Seller volume has been decreasing with lower price action and can be more clearly seen on the weekly chart up to this week's candle, which could potentially turn green as it is a hammer right now.
3. There 4X bullish divergence on the 12HR chart and 2x bullish divergence on the 3D chart. IF this plays out, it can be a catalyst for a significant move up.
The bullish case: price action gets a solid close above the daily 21MA, which is currently sitting at about 6.3 USD. This can make a more convincing case for a reversal as the price action has not closed above this MA since the selloff back in September.
The bearish case: price action closes below the 3D 50MA and weekly 21MA signaling lower price action. That can be a bad sign as the price action previously broke down from a double-top pattern, with the neckline at about 10 USD and the measured target of that breakdown is about 2.4 USD.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
BAND. 1D. We plan to buy in the range $3.15-3.86.Thanks to marketing and the DeFi boom, the token made x90 in price in six months)
It's hard to believe)
Now, earlier than at $3.15-3.86, we see no reason to buy BAND.
Further, the bounce fork is very wide. Most likely, the rebound will be in the zone $7.5-10.
Although globally, we believe that the fair price for BAND is around $1.
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nice confirmation of the trend? Or?BAND is one of the other coins that completes its correction phase. Even today's sale did not break the long-term trend line (red line). If the bulls do not defend this line, we will either confirm the short-term minimum, or according to fib, the support could be at the level of $ 4.64. So far, it looks like the trend will keep this coin and thus break the declining pink border. If this happens, we should choose to test higher supports at $ 9.5, $ 11.4 and $ 13.86.
This can be seen in the $ 9.5 (pink arrow) testing scenario, the subsequent correction and confirmation of the completion of the consolidation. There would be an orange trend that should not be so easily broken. RSI and CCI also show favorable indicators.
I believe I'm not the only one interested in this coin, so I'll be happy for any likes or comments about this coin.
BAND Price: +200% by the end of 2020?> BAND is extremely volatile and bullish. Marketcap is growing rapidly and volumes increase.
> BAND protocol has support from Sequoia Capital and has a strong team of young engineers.
> Baking/staking is extremely attractive. More retail investors join the program.
I predict a new high for BAND in the upcoming months.
band protocole , the chainlink killer ❇️ What is the Band Protocol?
The Band Protocol is a decentralized oracle framework for blockchain dapps.
Band Protocol is a cross-chain data oracle network that aggregates and connects real-world data and APIs to smart contracts. Blockchains enable immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks.
Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle.
Band Protocol is a very, very exciting project with serious potential. This is for one simple reason: oracles are necessary for any sort of useful decentralized application to work.
Along with the recent price surge, the number of active addresses in a day reached a new all-time high. On September 1, 1.6 thousand addresses were active, surpassing the previous record established on August 10 of 1.58 thousand addresses.
This is indicative of positive network development and may imply that the upside momentum may gain traction in the long run. However, the short-term technical picture is less optimistic.
☑️🔷 If you are Bullish on DeFi you should own BAND (undervalued & new alternative to LINK)
1. If you are bullish on DeFi long term like I am, you should own at least one of the liquid oracle solutions ie LINK or BAND as a way to get broad exposure to DeFi.
2. BAND is emerging as the most credible alternative to LINK. This is illustrated by the partnerships BAND has been able to win despite its short history. This is good for DeFi long term as multiple oracle solutions are needed.
3. With so many DeFi projects in the works, the opportunity set for BAND is much bigger than it was when LINK launched 3 years ago, so BAND should be able to scale more quickly.
4. DeFi is going to be big in Asia for obvious reasons and BAND is one of the few legitimate DeFi projects in Asia. In a short time span, it has built a strong and growing community.
5. Staking of BAND will be enabled shortly as a means to incentivize validators/data providers. This will bring the added benefit of reducing circulating supply near term.
6. With a circulating mkt cap of $20M and a liquid mkt cap of $100M (1.5% and 3% of LINK mkt cap), BAND can go up 5-10x and still not be expensive.
7.BAND is only listed on fewer exchanges than link, . If BAND continues its current trajectory, we can expect additional listings on other major spot exchanges later . It is already supported on binance and Coinbase &..Custody.
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.......