Londinia Opportunities Analyses - 05/17/2024 (GMT) BAND PROTOCOL - BAND/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	BANDUSDT
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 1.47 USDT

My targets

1.52 USDT (+2.01%)

1.59 USDT (+6.71%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BAND PROTOCOL - BAND/USDT as long as the price remains well above 1.47 USDT. The buyers' bullish objective is set at 1.52 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.59 USDT. If there is any crossing, the next objective would be the resistance located at 1.62 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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Additional analysis

Quotes

The BAND PROTOCOL - BAND/USDT price is 1.49 USDT. The price registered an increase of +1.36% on the session and was between 1.47 USDT and 1.50 USDT. This implies that the price is at +1.36% from its lowest and at -0.67% from its highest.

1.47

1.50

1.49

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 1H of this BAND PROTOCOL - BAND/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

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:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.34	1.41	1.47	1.49	1.52	1.59	1.62
Change (%)	-10.07%	-5.37%	-1.34%	-	+2.01%	+6.71%	+8.72%
Change	-0.15	-0.08	-0.02	-	+0.03	+0.10	+0.13
Level	Major	Major	Minor	-	Intermediate	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	1.35	1.38	1.43	1.46	1.51	1.54	1.59
Camarilla	1.45	1.46	1.46	1.47	1.48	1.49	1.49
Woodie	1.35	1.39	1.43	1.47	1.51	1.55	1.59
Fibonacci	1.38	1.41	1.43	1.46	1.49	1.51	1.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.22	1.32	1.41	1.51	1.60	1.70	1.79
Camarilla	1.44	1.46	1.47	1.49	1.51	1.53	1.54
Woodie	1.21	1.32	1.40	1.51	1.59	1.70	1.78
Fibonacci	1.32	1.40	1.44	1.51	1.59	1.63	1.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.05	0.59	1.01	1.65	2.07	2.71	3.13
Camarilla	1.13	1.23	1.32	1.42	1.52	1.61	1.71
Woodie	-0.17	0.54	0.89	1.60	1.95	2.66	3.01
Fibonacci	0.59	1.00	1.25	1.65	2.06	2.31	2.71

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):	62.07
MACD (12,26,9):	0.0100
Directional Movement:	13.57
AROON (14):	71.43
DEMA (21):	1.47
Parabolic SAR (0,02-0,02-0,2):	1.43
Elder Ray (13):	0.02
Super Trend (3,10):	1.50
Zig ZAG (10):	1.49
VORTEX (21):	0.9700
Stochastique (14,3,5):	67.17
TEMA (21):	1.47
Williams %R (14):	-21.65
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	1.5400
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	2.25

MA7:	1.44
MA20:	1.47
MA50:	1.68
MA100:	1.94
MAexp7:	1.47
MAexp20:	1.46
MAexp50:	1.45
MAexp100:	1.44
Price / MA7:	+3.47%
Price / MA20:	+1.36%
Price / MA50:	-11.31%
Price / MA100:	-23.20%
Price / MAexp7:	+1.36%
Price / MAexp20:	+2.05%
Price / MAexp50:	+2.76%
Price / MAexp100:	+3.47%

Quotes : - Real time data - Cryptocompare