Band Protocol | Another Bullish Setup For Upto 401% Rally | Watch Details With Targets

Band Protocol | Another Bullish Setup For Upto 401% Rally | Watch Details With Targets

By moon333 | moon333 | 30 Sep 2020


Hey, friends hope you are well and welcome the new update on the Band DeFi token. In this video you will watch how:

The priceline of Band token has broken down 25, 50, and 100 SMAs and it can move down to 200 SMA as well.

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The price line has found very strong resistance at $16.

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The EMAs 10 and 21 are bearish, the directional movement indicator is also bearish and has given sell signals but the stochastic is bullish now the stochastic can also follow the bearish signals of other indicators.

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On a 4 day chart, the pricelilne of BAND is completing the final leg of bullish BAT with the US dollar and the Bitcoin pairs as below.

BAND with US Dollar BAT move:

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BAND with Bitcoin BAT move:

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The targets can be as below:

BAND with US Dollar BAT move targets:

Potential reversal or buying zone: $4.57 to $2.89

Fibonacci projection or Sell zone: $8.57 to $14.49

 

BAND with Bitcoin BAT move targets:

Potential reversal or buying zone: 0.00040957 to 0.0002697 btc

Fibonacci projection or sell zone: 0.00074126 to 0.001246 btc

 

Conclusion:

The priceline can move more down to complete the final leg of the bullish pattern for the next rally. However, the PRZ levels should be used as stop loss. Because if the potential reversal zones will be broken down then the price action of the BAND token can move more down to complete Crab pattern.

 

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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