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BANDUSDT trade ideas

BANDUSDT wants the breakout?In the context of the BANDUSDT trading pair, an intriguing pattern has materialized in the form of a significant falling wedge. This wedge pattern is characterized by a series of lower highs and lower lows, but with the price movement gradually converging over time. This can often be indicative of a potential reversal in the prevailing downtrend. As the price is positioned below the $1.150 level, the falling wedge pattern holds particular significance. A breakout from this pattern can suggest a shift in market sentiment and the possibility of a bullish trend emerging. Following Plancton's trading rules, a new long position might be considered if the price manages to confirm a breakout from the falling wedge. This entails waiting for a sustained move above the upper resistance trendline of the wedge pattern. To align with Plancton's approach, traders should consider the following steps: Confirmation: Ensure that the breakout is confirmed by observing sustained price movement above the upper resistance trendline of the falling wedge. Confirmatory signals can also include increased volume accompanying the breakout. Technical Indicators: Utilize relevant technical indicators, such as oscillators, moving averages, and trend confirmation tools, to assess the strength of the potential breakout. Risk Management: Implement effective risk management strategies, including setting stop-loss levels and determining appropriate position sizes. This helps manage potential losses in case the market movement doesn't unfold as expected. Market Context: Consider the broader market context, news developments, and any factors that might impact the price of BANDUSDt. Patience: Exercise patience and wait for a clear and confirmed breakout before initiating a long trade. False breakouts can lead to losses, so cautious execution is important. The falling wedge pattern and the potential breakout above $1.150 in the BANDUSDT trading pair align with Plancton's trading rules for a new long position. However, thorough analysis, disciplined execution, and risk management are crucial components of making informed trading decisions within this context. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
13
Need to check if it is supported around 1.111Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BANDUSDT chart) To continue a full-fledged uptrend, the price needs to stay above 1.447-1.511. In order to do so, it is important to be able to receive support around 1.111. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
Good looking Bandusdt LongPrice have created a new low on daily TF that’s why i am jumping into it cz it have ability to pump to 2 at least. also if we look into BandBtC pair it is on breakdown point and looks like rejected. Currently having low leverged entry from 1.15-1.17. Will add more on Retesting 1.21(if happens) Will add more on retesting 1.29(if happens). Targeting Tps 1.6 and 2. Cutting on holding below 1.12. the area below is untested but i think we don’t have to test that. Note: Not a FinancialAdvice
Long
by ROBO416
BAND Token Analysis 10/03/2021we had analyzed this token earlier and capitalized on it. New Update and Positions are taken in this Publication. Fundamentals: Band 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. By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more. Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role. BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data. Band Protocol is designed to be faster and more efficient than competing oracle solutions and is also compatible with most blockchain and smart contract development frameworks — ensuring reliable data can be fed to and from multiple different blockchains. To achieve its cross-chain data transfer, Band Protocol plans to leverage Cosmos' still in-development Inter Blockchain Communication (IBC) protocol. It remains unclear how long it will take until the IBC is operational and ready for use. Band Protocol is designed to offer permissionless oracle creation, allowing anybody to start servicing data requests. It also offers extremely simple smart contract integration, allowing developers to begin using data from Band Protocol oracles with just a few lines of code by calling on a predefined interface. Band Protocol was founded in 2017 by Soravis Srinawakoon, Paul Chonpimai and Sorawit Suriyakarn. Soravis Srinawakoon, the current CEO of Band Protocol, is a former software engineer at Ericsson and management consultant at The Boston Consulting Group. Paul Chonpimai, on the other hand, is Band Protocol's CPO, and a former web developer at Turfmapp and engineer at Tripadvisor. Lastly, former software engineer at Dropbox and Quora Sorawit Suriyakarn is Band Protocol's current CTO and a gold medalist competitive programmer. In addition to the founding team, the Band Protocol LinkedIn page currently lists a total of 20 additional employees, most of which are scattered throughout Asia, and include designers, developers and engineers. The platform is also supported by major global investors, including Sequoia Capital, Dunamu & Partners, Spartan Group and Binance. Technical Analysis: as earlier we had 3 Targets and the price as Triggered our 2 TP which is the 161.8% (Extension) Zone of Fibonacci Projection of the initial Impulsive wave after the Accumulation Phase. it means now we have the confirmation of our past 3TP and current 2TP (25.5$,)which is 261.8% of the same Fibonacci Projection. currently we have 3 targets 1TP: 18.5USD 2TP: 25.5USD 3TP: 32.33USD we may have some price correction and Retracements after achieving 2TP, before the price start rallying to the 3TP.
Long
by BitonGroup
20
Band Protocol (BAND) to $30On the above 1-day chart price action corrected 80% and printed a ‘incredible buy’ signal. However only recently was RSI resistance broken. A number of reasons now exist to be bullish, including: 1) Price action prints a higher low on the bottoming candle. 2) Price action makes an impulsive move to the upper side of the Bollinger Band (not shown here). 3) Price action breakout of falling wedge pattern and confirms support (see 3-day chart below). Is it possible price action falls further? Sure. Is it probable? Very unlikely. Good luck! WW 3-day chart - falling wedge
Long
by without_worries
15