BAND PROTOCOL - BAND/USD - Daily - Technical analysis published on 01/16/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.88 USD
My targets
2.18 USD (+10.10%)
2.29 USD (+15.66%)
My analysis
A bullish trend on BAND PROTOCOL - BAND/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.88 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2.18 USD. Then the price could move towards 2.29 USD. Then 2.79 USD by extension. Be careful, a return below 1.88 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 rating is 1.98 USD. The price has increased by +7.03% since the last closing and was traded between 1.84 USD and 2.01 USD over the period. The price is currently at +7.61% from its lowest and -1.49% from its highest.1.84
2.01
1.98
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BAND PROTOCOL - BAND/USD in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.39 | 1.65 | 1.88 | 1.98 | 2.18 | 2.79 | 4.40 |
Change (%) | -29.80% | -16.67% | -5.05% | - | +10.10% | +40.91% | +122.22% |
Change | -0.59 | -0.33 | -0.10 | - | +0.20 | +0.81 | +2.42 |
Level | Major | Minor | Minor | - | Minor | Intermediate | Minor |
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 | 1.69 | 1.74 | 1.80 | 1.85 | 1.91 | 1.96 | 2.02 |
Camarilla | 1.82 | 1.83 | 1.84 | 1.85 | 1.86 | 1.87 | 1.88 |
Woodie | 1.69 | 1.74 | 1.80 | 1.85 | 1.91 | 1.96 | 2.02 |
Fibonacci | 1.74 | 1.79 | 1.81 | 1.85 | 1.90 | 1.92 | 1.96 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.92 | 1.19 | 1.53 | 1.80 | 2.14 | 2.41 | 2.75 |
Camarilla | 1.71 | 1.77 | 1.82 | 1.88 | 1.94 | 1.99 | 2.05 |
Woodie | 0.97 | 1.21 | 1.58 | 1.82 | 2.19 | 2.43 | 2.80 |
Fibonacci | 1.19 | 1.42 | 1.56 | 1.80 | 2.03 | 2.17 | 2.41 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.43 | 0.45 | 0.93 | 1.81 | 2.29 | 3.17 | 3.65 |
Camarilla | 1.04 | 1.16 | 1.29 | 1.41 | 1.54 | 1.66 | 1.78 |
Woodie | -0.63 | 0.35 | 0.73 | 1.71 | 2.09 | 3.07 | 3.45 |
Fibonacci | 0.45 | 0.97 | 1.29 | 1.81 | 2.33 | 2.65 | 3.17 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 70.76 | |
MACD (12,26,9): | 0.0500 | |
Directional Movement: | 26.36 | |
AROON (14): | 85.71 | |
DEMA (21): | 1.69 | |
Parabolic SAR (0,02-0,02-0,2): | 1.39 | |
Elder Ray (13): | 0.19 | |
Super Trend (3,10): | 1.53 | |
Zig ZAG (10): | 1.93 | |
VORTEX (21): | 1.1700 | |
Stochastique (14,3,5): | 75.81 | |
TEMA (21): | 1.80 | |
Williams %R (14): | -16.76 | |
Chande Momentum Oscillator (20): | 0.46 | |
Repulse (5,40,3): | 10.9200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.1600 | |
Courbe Coppock: | 48.32 |
MA7: | 1.76 | |
MA20: | 1.56 | |
MA50: | 1.73 | |
MA100: | 1.65 | |
MAexp7: | 1.79 | |
MAexp20: | 1.66 | |
MAexp50: | 1.66 | |
MAexp100: | 1.64 | |
Price / MA7: | +12.50% | |
Price / MA20: | +26.92% | |
Price / MA50: | +14.45% | |
Price / MA100: | +20.00% | |
Price / MAexp7: | +10.61% | |
Price / MAexp20: | +19.28% | |
Price / MAexp50: | +19.28% | |
Price / MAexp100: | +20.73% |
Quotes :
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Real time data
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About author
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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