BAND PROTOCOL - BAND/USD - 1H - Technical analysis published on 06/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.13 USD
My targets
1.19 USD (+2.59%)
1.23 USD (+6.03%)
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 1.13 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.19 USD. Then the price could move towards 1.23 USD. Then 1.31 USD by extension. Be careful, a return below 1.13 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.
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
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
BAND PROTOCOL - BAND/USD rating 1.16 USD. The price has increased by +3.57% since the last closing and was between 1.12 USD and 1.17 USD. This implies that the price is at +3.57% from its lowest and at -0.85% from its highest.1.12
1.17
1.16
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BAND PROTOCOL - BAND/USD chart shows a bullish trend. 71.43% 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 market scanner is currently detecting several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
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
CCI indicator is oversold : under -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
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.99 | 1.10 | 1.16 | 1.16 | 1.23 | 1.31 |
| Change (%) | -14.66% | -5.17% | 0% | - | +6.03% | +12.93% |
| Change | -0.17 | -0.06 | 0 | - | +0.07 | +0.15 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 1.07 | 1.09 | 1.10 | 1.12 | 1.13 | 1.15 | 1.16 |
| Camarilla | 1.11 | 1.12 | 1.12 | 1.12 | 1.12 | 1.13 | 1.13 |
| Woodie | 1.08 | 1.09 | 1.11 | 1.12 | 1.14 | 1.15 | 1.17 |
| Fibonacci | 1.09 | 1.10 | 1.11 | 1.12 | 1.13 | 1.14 | 1.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.75 | 0.92 | 1.02 | 1.19 | 1.29 | 1.46 | 1.56 |
| Camarilla | 1.05 | 1.07 | 1.10 | 1.12 | 1.15 | 1.17 | 1.19 |
| Woodie | 0.72 | 0.90 | 0.99 | 1.17 | 1.26 | 1.44 | 1.53 |
| Fibonacci | 0.92 | 1.02 | 1.09 | 1.19 | 1.29 | 1.36 | 1.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.91 | 1.13 | 1.42 | 1.64 | 1.93 | 2.15 | 2.44 |
| Camarilla | 1.58 | 1.63 | 1.67 | 1.72 | 1.77 | 1.81 | 1.86 |
| Woodie | 0.96 | 1.15 | 1.47 | 1.66 | 1.98 | 2.17 | 2.49 |
| Fibonacci | 1.13 | 1.32 | 1.44 | 1.64 | 1.83 | 1.95 | 2.15 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.04 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 27.95 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.12 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.14 | |
| Zig ZAG (10): | 1.16 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 92.08 | |
| TEMA (21): | 1.15 | |
| Williams %R (14): | -11.88 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 1.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 4.03 |
| MA7: | 1.15 | |
| MA20: | 1.38 | |
| MA50: | 1.51 | |
| MA100: | 1.68 | |
| MAexp7: | 1.15 | |
| MAexp20: | 1.14 | |
| MAexp50: | 1.13 | |
| MAexp100: | 1.15 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | -15.94% | |
| Price / MA50: | -23.18% | |
| Price / MA100: | -30.95% | |
| Price / MAexp7: | +0.87% | |
| Price / MAexp20: | +1.75% | |
| Price / MAexp50: | +2.65% | |
| Price / MAexp100: | +0.87% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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