BANDUSDT
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.
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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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
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.