Another Technical analysis on BAND! Look Perfect for a small Run. Like the previous chart, Band is about to make a quick move. Watch this one in the next few days. 4hours trading time frame. Simple use of indicators and strategy. For Short lowest resistance is $1.14. For Long, $1.83. Follow for more analysis!
bearish and bullish scenario
First price will go to 0,5$ - 0,6$.
Then will go UP to 5$.
RSI typical bull flag with possible overbought after raise of price, RSI above 80.
Period: january to march 2023
Chart of BANDUSD does not look good and I wait for another BIG dip (to 0,50usd).
But RSI 5 close SMA 14 2 give us hope that we see after possible crash BTC (BTC to 14000 usd) price's BAND very high.
When? Maybe in year 2023, in spring.
After falling wedge, price falled below 2usd and confirmed downtrend.
Technically, it is a very bad situation.
There is no fuel to raise the price.
Dont buy, just wait...for price of 1-1.2usd...
The ICO price was 0.473usd and that is the only hope that price will not go below that price....
Right now, BAND has 35,191,821.00 in circulation and total Supply is...
Look at this bad outlook of BANDUSD (TA).
If BTC go to 28.000usd, maybe BANDUSD will touch 2usd.
But, in my opinion, it is impossible mision.
Down is only way for BAND.
Nobody wants to lose money here.
First two owners have 85% of coins of BAND.
Like in TRBUSD, they manipulate the price.
They, now, decide to put price down, below one dollar.
They are drawing TA and trade between themselves.
Otherwise, owners of TRBUSD decided to put price to the moon.
There is only one difference, everyone has their own goal.
Be careful, they all catch flies in the net...
Why do we never see price above 1.80 usd?
6 times, at least, price of 1.80 try to pass.
Mission is imposible.
Until TRBUSD FLUXUSD and other coins try to go to ATH, BAND is trying to go to all time low.
It means that the price is struggling....
Good luck everyone!!!
If you've been holding your breath for this one, it may be possible in the neear future to exhale. That said, I am not that optimistic, given macro events, however that is one hell of a coil on the RSI.
Typically BAND follows LINK in price action.
Bullish funding on BAND. To not profit on this, theoretically Band would have to remain in the buy zone and never break above it again. I will be accumulating now at $4 support and also below in that entire buy zone region if it gets down there.