BAND PROTOCOL - BAND/USD - 1H - Technical analysis published on 02/04/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.85 USD
My targets
1.99 USD (+4.89%)
2.14 USD (+12.47%)
My analysis
The basic bullish trend is very strong on BAND PROTOCOL - BAND/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.85 USD. Crossing the first resistance at 1.99 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.14 USD as an objective. Crossing it would then enable buyers to target 2.21 USD. Caution, a return to below 1.85 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.4
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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 1.90 USD. The price has increased by +4.40% since the last closing and was traded between 1.78 USD and 1.90 USD over the period. The price is currently at +6.74% from its lowest and 0% from its highest.1.78
1.90
1.90
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of BAND PROTOCOL - BAND/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.77 | 1.82 | 1.85 | 1.90 | 2.21 | 2.79 | 5.40 |
| Change (%) | -6.84% | -4.21% | -2.63% | - | +16.32% | +46.84% | +184.21% |
| Change | -0.13 | -0.08 | -0.05 | - | +0.31 | +0.89 | +3.50 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.71 | 1.75 | 1.78 | 1.82 | 1.85 | 1.89 | 1.92 |
| Camarilla | 1.80 | 1.81 | 1.81 | 1.82 | 1.83 | 1.83 | 1.84 |
| Woodie | 1.72 | 1.75 | 1.79 | 1.82 | 1.86 | 1.89 | 1.93 |
| Fibonacci | 1.75 | 1.77 | 1.79 | 1.82 | 1.84 | 1.86 | 1.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.45 | 1.53 | 1.68 | 1.76 | 1.91 | 1.99 | 2.14 |
| Camarilla | 1.76 | 1.78 | 1.80 | 1.82 | 1.84 | 1.86 | 1.88 |
| Woodie | 1.48 | 1.55 | 1.71 | 1.78 | 1.94 | 2.01 | 2.17 |
| Fibonacci | 1.53 | 1.62 | 1.68 | 1.76 | 1.85 | 1.91 | 1.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.25 | 0.87 | 1.25 | 1.87 | 2.25 | 2.87 | 3.25 |
| Camarilla | 1.37 | 1.46 | 1.55 | 1.64 | 1.73 | 1.82 | 1.92 |
| Woodie | 0.14 | 0.81 | 1.14 | 1.81 | 2.14 | 2.81 | 3.14 |
| Fibonacci | 0.87 | 1.25 | 1.49 | 1.87 | 2.25 | 2.49 | 2.87 |
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): | 72.65 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 21.37 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 1.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.82 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 1.83 | |
| Zig ZAG (10): | 1.90 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 96.16 | |
| TEMA (21): | 1.87 | |
| Williams %R (14): | -5.70 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 2.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 5.94 |
| MA7: | 1.75 | |
| MA20: | 1.68 | |
| MA50: | 1.78 | |
| MA100: | 1.64 | |
| MAexp7: | 1.87 | |
| MAexp20: | 1.84 | |
| MAexp50: | 1.81 | |
| MAexp100: | 1.78 | |
| Price / MA7: | +8.57% | |
| Price / MA20: | +13.10% | |
| Price / MA50: | +6.74% | |
| Price / MA100: | +15.85% | |
| Price / MAexp7: | +1.60% | |
| Price / MAexp20: | +3.26% | |
| Price / MAexp50: | +4.97% | |
| Price / MAexp100: | +6.74% |
Quotes :
-
Real time data
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