Band Protocol (BAND) to $30

On 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

Trade active:

Give it 2-3 months until target.

Comment:

** Swing trade opportunity **

Do not ignore. Price action is well outside the Bollinger Band on the daily. Remember 95% of all candles trade inside the band, which is $2.40 right now.

On the lower time frames a strong sell signal has printed. Look for support around $2 in the first instance or if you’re a Patron, wait for a new buy signal to print.

Comment:

Oh yeah

Trade active

Trade active:

GRM support confirmed

daily chart

Trade active:

Compared against the larger market caps, some alt tokens are going to do a whole lot better in the coming market melt up, Band is no exception.

On the 6-day chart below price action has broken out of resistance to confirm support.


6-day chart