BAND PROTOCOL - BAND/USD - Daily - Technical analysis published on 11/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.15 USD
My targets
1.45 USD (+15.76%)
1.53 USD (+22.40%)
My analysis
The strong short-term increase in BAND PROTOCOL - BAND/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.15 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.45 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.53 USD as an objective. Crossing it would then enable buyers to target 1.87 USD. Caution, a return under 1.15 USD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BAND PROTOCOL - BAND/USD price is 1.25 USD. The price has increased by +10.62% since the last closing and was between 1.13 USD and 1.25 USD. This implies that the price is at +10.62% from its lowest and at 0% from its highest.1.13
1.25
1.25
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this BAND PROTOCOL - BAND/USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.04 | 1.25 | 1.27 | 1.53 | 1.87 |
| Change (%) | -16.80% | - | +1.60% | +22.40% | +49.60% |
| Change | -0.21 | - | +0.02 | +0.28 | +0.62 |
| Level | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.01 | 1.06 | 1.09 | 1.14 | 1.17 | 1.22 | 1.25 |
| Camarilla | 1.11 | 1.12 | 1.12 | 1.13 | 1.14 | 1.15 | 1.15 |
| Woodie | 1.01 | 1.06 | 1.09 | 1.14 | 1.17 | 1.22 | 1.25 |
| Fibonacci | 1.06 | 1.09 | 1.11 | 1.14 | 1.17 | 1.19 | 1.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.90 | 0.97 | 1.08 | 1.15 | 1.26 | 1.33 | 1.44 |
| Camarilla | 1.15 | 1.17 | 1.18 | 1.20 | 1.22 | 1.23 | 1.25 |
| Woodie | 0.93 | 0.98 | 1.11 | 1.16 | 1.29 | 1.34 | 1.47 |
| Fibonacci | 0.97 | 1.04 | 1.08 | 1.15 | 1.22 | 1.26 | 1.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.71 | 0.85 | 1.01 | 1.15 | 1.31 | 1.45 | 1.61 |
| Camarilla | 1.10 | 1.13 | 1.15 | 1.18 | 1.21 | 1.24 | 1.26 |
| Woodie | 0.73 | 0.86 | 1.03 | 1.16 | 1.33 | 1.46 | 1.63 |
| Fibonacci | 0.85 | 0.96 | 1.03 | 1.15 | 1.26 | 1.33 | 1.45 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.49 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 6.86 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 1.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.03 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.21 | |
| Zig ZAG (10): | 1.19 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 69.22 | |
| TEMA (21): | 1.17 | |
| Williams %R (14): | -16.94 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | 4.7700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 19.77 |
| MA7: | 1.17 | |
| MA20: | 1.11 | |
| MA50: | 1.16 | |
| MA100: | 1.33 | |
| MAexp7: | 1.16 | |
| MAexp20: | 1.14 | |
| MAexp50: | 1.18 | |
| MAexp100: | 1.34 | |
| Price / MA7: | +6.84% | |
| Price / MA20: | +12.61% | |
| Price / MA50: | +7.76% | |
| Price / MA100: | -6.02% | |
| Price / MAexp7: | +7.76% | |
| Price / MAexp20: | +9.65% | |
| Price / MAexp50: | +5.93% | |
| Price / MAexp100: | -6.72% |
Quotes :
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Real time data
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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