BANDUSDT (12H CHART) - Trend BreakoutBANDUSDT (12H CHART) Technical Analysis Update
BANDUSDT (12H CHART) Currently trading at $6.29
Buy-level: Above $6.1
Stop loss: Below $4.5
Target 1: $7.5
Target 2: $9.1
Target 3: $12.5
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Trade ideas
$BAND/USDT 3h (Binance Futures) Ascending channel on support Band Protocol is showing several bullish continuation signs after breaking out of that triangle and the descending TL.
We expect 50MA and 200MA to be retested before bouncing higher, let's not miss next dip!
Current Price= 5.8682
Buy Entry = 5.8161 - 5.6661
Take Profit= 6.1170 | 6.3439 | 6.7494
Stop Loss= 5.4393
Risk/Reward= 1:1.25 | 1:2 | 1:3.34
Expected Profit= +19.65% | +31.50% | +53.58%
Possible Loss= -15.78%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 1 week
The Movement of BAND/USDT PairThe 45 minutes chart and 4-hour chart showing a very smooth increasing pattern of the BAND/USDT pair. The analysis shows the BAND is continuously moving upward and most probably hit 7.5 in the next few days. It's just an analysis and not a piece of financial advice. I am new in the trading business, please let me know if my analysis is not good. Your feedback would be appreciated.
BANDUSDT Daily S/R| Local S/R| Pivot| Trend Evening Traders,
Today’s analysis – BANDUSDT- trading below its Daily S/R where a rejection is probable to the downside,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Daily S/R Resistance
- Pivot Confluence
BANDYSDT’s immediate price action is trading below local resistance that has technical confluence.
The confluence consists of the Daily S/R Resistance, VWAP S/R Resistance, Pivot Resistance, allowing for a short bias.
The immediate objective is the Local S/R, testing this level and holding it is critical for the market structure.
Overall, in my opinion, BANDUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” – Van K
$Band trading within huge trend channel.Band trading inside a massive trend channel dating back to August 2nd, 2020. Recent exaggerated bullish divergence formed from the 19th of May 2021 to the 22nd of June 2021, followed by a trend reversal from the bottom of the channel. Price following upwards trend line within the channel, keep an eye. Dollar cost average on dips, take profits at targets. Good luck.
BANDUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are up to 4 hours in the frame. The price is moving in an upward trend. If the price goes out of line, we consider the price correction process. We are in an uptrend as long as the price is inside the trend line. In case of breaking the support, we consider the price fall.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!