BANDUSDT.P trade ideas
H&S 12HR BAND/USDTH&S formed inside a bull pen, thinking it might drop down to mid $6s?
Be kind this is my first post :)
band is in ascending triangle lets see we can breakout or not the band is in ascending triangle, lets see we can breakout or not
BANDUSDT (BAND) - POSSIBLE PRICE ACTIONSANALYSIS 🔎
- BANDUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
- There's a breakout potential.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
Trading a Ranging MarketBAND has broken its previous consolidation range only to enter another range. Let’s take a look at how you can take advantage of a ranging market!
BAND Price Action
BAND was one of the best performing cryptocurrencies in the first half of 2020. However, after its crash in September, the cryptocurrency has yet to regain its strong momentum. The token has ranged between $5 and $7.5 for almost four months. On January 6th, it finally broke this range, only to enter another one, this time between $7.5 and $11.5. Let’s now take a look at a strategy you can use to take advantage of this.
Ranging Market Strategy
You can use Williams %R on the 4h chart to find oversold zones and then use the MACD on the 1h chart to enter when the reversal is taking place. In short, the strategy works like this: when the Williams %R shows overbought on the 4h chart, take the next MACD buy signal on the 1h chart.
As displayed in the chart above, this strategy can identify some great reversals. When it does identify reversals, the strategy can make significant gains. On the other hand, you may also get some “fake signals” that are too early and bring about large losses. Therefore, it is probably best to go with a tight stop loss to minimize losses, and a wide profit target and trailing stop loss to take full advantage of reversals.
Disclaimer: This is just one example of a strategy that you can use to trade a ranging market, and is not a recommendation. Using this strategy in a bearish market will probably lead to more losses than gains. Suppose you want to use it in a bullish market instead. In that case, you can add the MESA or any other trend-following indicator on the daily chart, to make sure you only take trades in the direction of the trend.
#BAND/USDT
🔶 #BAND/USDT 🔶
Long/Buy
Entry Zone:
6.97 - 7.77
🎯 Take-Profit Targets:
1) 8.34 - 40%
2) 9.54 - 30%
3) 10.99 - 30%
⛔️ Stop : 5.90
🔴 High Risk
@crypto_Grifin
Band has a Buy Opportunity 🔥Band/USDT is one of the good Defi currencies and I think it has good potential and we will see it above $ 10 soon.
We have two important levels of support, one on the floor and one in the 50% Fibonacci zone.
The first level is a good area to buy and I think with the Defi Hype we have now it can move towards its ATH.
Buy Zone : 8.6 - 7.2
TP : 10.8 - 12.7 - 14.60 - 17.1
SL : Daily Close Below 5.2 $
$BAND/USDT 3h (Binance Fut.) Parallel channel facing resistanceBand Protocol lost its support, I believe it will retrace down further to lower-line or near after a last impulse.
Current Price= 8.7404
Buy Entry= 8.7397 - 8.9909
Take Profit= 8.2719 | 7.7735 | 7.1819
Stop Loss= 9.3710
Risk/Reward= 1:1.2 | 1:2.19 | 1:3.37
Expected Profit= +13.50% | +24.72% | +38.06%
Possible Loss= -11.28%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 240h
BAND - ready to moonBAND is really setting up for huge move to the upside, I am seeing a lot of 5-wavish structures, volatility is contracting, big players are accumulating and it should be only matter of time, before BAND will break previous all time high at 17,5 $.
