BAND starts a new rallyHello trading view community, should you like this analysis please support with likes and comments. Thanks.
Never risk more than you can afford to lose.
Always DYOR.
BAND has already broken its neckline with a very strong candlestick,
BANS statrs its journy from $3.27 support zone which is a daily pivot, the trigger line and the resistance level of $4.17 were clustered, though it broke them easily.
The first target will be $5.54
and after a pullback may attack to upper resistance levels upto $9.93 resistance zone.
The last resistance which was its previous ATH
is formed a monthly pivot and resistance level may not be reachable yet, unless otherwise BTC which is the engine of the financial market obtains a strong momentum and cause other altcoin to reach to new ATH, which BAND will not be an exception.
This is personal idea and I am not a financial adviser.
BANDUSDT trade ideas
BAND USDT CHANCE FOR BUYINGThere is a chance for taking a buy position on Band/USDT, Band price has broken the blue trendline, this means the downtrend is weaker right now, the red horizontal line is invalidation point for buying, this means we should cancel buy position if Band price break the break and close beneath the invalidation point, the short term target is target 1, the mid term target is target 2 if Band still on uptrend, we should take this opportunity because the risk is smaller then the reward, if there is a comment or suggestion please comment below, I am open to learn
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Trading strategy for BANDUSDT .Trading strategy for BANDUSDT .
This strategy utilizes fear and greed index at alternative.me
Why Measure Fear and Greed?
The crypto market behavior is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:
Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for further information on our data sources.
UNDERSTANDING THE METRICS AT TRADING VIEW
Maximum Drawdown
The maximum drawdown metric refers to the "worst-case scenario" for a trading period. It measures the greatest distance, or loss, from a previous equity peak.5
What is a Good Profit Factor?
Any ratio greater than one means we can earn more than we lose. So, technically:
A factor higher than 1 denotes a winning system.
A factor lower than 1 denotes a losing system.
Percent Profitable
The percent profitable metric is also known as the probability of winning. This metric is calculated by dividing the number of winning trades by the total number of trades for a specified period.
See profit report below.
BAND/USDT TRADE SETUP! PERFECT LEVEL TO BUY FOR 90-100% PROFIT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BAND/USDT trade setup. BAND looks very promising here and is currently near the strong support zone.
BAND is moving inside a falling channel where the breakout is still pending. Once it breaks the channel it will pump well.
Similarly, last time when it breaks the falling wedge it pumps almost 90% so I'm expecting the same this time also.
The green box is a very important support for BAND. So try to accumulate in this zone.
Entry range:- $3.26-$3.7
Target:- 90-100%
SL:- $2.88
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BAND: Past, present, future forecastLike most other altcoins that are creating bullish structures, I notice the same for BAND as its finishing A-B-C correction, where the last corrective wave C is unfolding an ending diagonal pattern.
Once the pattern is completed, and we breakout of the pattern to the upside, we can expect a new bullish cycle unfold.
Significant resistance zones have been placed on the chart. I will update BAND with the bullish wave count once I confirm the coin has bottomed, which may have already been completed or we're very near it.
🔻 BAND short 🔻Hello investors and traders.
we can open a short position If the weekly candle closes below the resistance.
As we are in a bear market, I recommend you to open a short position in USDT pair but either you can open short in BTC pair too, based on your strategy choice is yours.
Disclaimer: this is not a piece of financial advice always do your own research.
BAND important levels to watchBAND has been in an uptrend for the past couple of weeks and we have just witnessed a break of the trendline after failing to break resistance at 5.1-5.13$.
4.37 will be an important level to watch. We currently bounced from it and are now retesting the broken trendline.
Stay safe and play level to level, happy trading.