BANDUSDT.P trade ideas
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. ***
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Buy LimitTrade With Proper Risk & Money Money Management..
Only Trade If You Find a Confirmation.
( Engulfing / Pin Bar , Volatility , FU Move Etc..).
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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
Band! Watch this purple resistance line!BAND has been a coin that was recommended as a buy some time ago. We like Band so much that we even added to this coin.
Band has been compressing in a massive ascending triangle formation for quite some time. Watch this purple resistance line. If we get above it, we could see a massive move!
Cheers!
TCF