BAND PROTOCOL - BAND/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BANDUSD
ISIN:

BAND PROTOCOL - BAND/USD - 1H - Technical analysis published on 03/19/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 1.72 USD

My targets

2.00 USD (+8.27%)

2.23 USD (+20.38%)

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 1.72 USD. Crossing the first resistance at 2.00 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.23 USD as an objective. Crossing it would then enable buyers to target 2.25 USD. Caution, a return to below 1.72 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

5.9

Comment on the analysis

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

BAND PROTOCOL - BAND/USD rating 1.85 USD. On the day, this instrument gained +3.93% and was traded between 1.78 USD and 1.89 USD over the period. The price is currently at +3.93% from its lowest and -2.12% from its highest.

1.78

1.89

1.85

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

A technical analysis in 1H of this BAND PROTOCOL - BAND/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 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 : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.57	1.66	1.84	1.85	2.25	2.79	4.40
Change (%)	-15.14%	-10.27%	-0.54%	-	+21.62%	+50.81%	+137.84%
Change	-0.28	-0.19	-0.01	-	+0.40	+0.94	+2.55
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.55	1.66	1.72	1.83	1.89	2.00	2.06
Camarilla	1.73	1.75	1.76	1.78	1.80	1.81	1.83
Woodie	1.53	1.65	1.70	1.82	1.87	1.99	2.04
Fibonacci	1.66	1.73	1.77	1.83	1.90	1.94	2.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.98	1.21	1.49	1.72	2.00	2.23	2.51
Camarilla	1.64	1.69	1.73	1.78	1.83	1.87	1.92
Woodie	1.02	1.22	1.53	1.73	2.04	2.24	2.55
Fibonacci	1.21	1.40	1.52	1.72	1.91	2.03	2.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.13	1.43	1.75	2.05	2.37	2.67	2.99
Camarilla	1.90	1.96	2.01	2.07	2.13	2.18	2.24
Woodie	1.14	1.44	1.76	2.06	2.38	2.68	3.00
Fibonacci	1.43	1.67	1.81	2.05	2.29	2.43	2.67

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):	56.59
MACD (12,26,9):	0.0200
Directional Movement:	7.63
AROON (14):	14.29
DEMA (21):	1.87
Parabolic SAR (0,02-0,02-0,2):	1.78
Elder Ray (13):	0.02
Super Trend (3,10):	1.89
Zig ZAG (10):	1.88
VORTEX (21):	0.9900
Stochastique (14,3,5):	81.42
TEMA (21):	1.86
Williams %R (14):	-12.30
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	1.2800
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	0.26

MA7:	1.74
MA20:	1.73
MA50:	1.93
MA100:	1.82
MAexp7:	1.86
MAexp20:	1.84
MAexp50:	1.80
MAexp100:	1.75
Price / MA7:	+6.32%
Price / MA20:	+6.94%
Price / MA50:	-4.15%
Price / MA100:	+1.65%
Price / MAexp7:	-0.54%
Price / MAexp20:	+0.54%
Price / MAexp50:	+2.78%
Price / MAexp100:	+5.71%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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