Band Protocol (BAND) - Bullish divergence

7 Jul 2022

On the above 2-day chart price action has corrected 90% since the sell signal back in July 2020 following a massive 5500% from the buy signal in January 2020. A number of reasons now exist to be bullish, including:

1) Really? You don’t see it?!

2) Price action has corrected to the 0.786 Fibonacci level, which is also support on past resistance. Look left.

3) Regular bullish divergence. Multiple oscillators are currently printing bullish divergence with price action. It is clearer to see on the 1-day USD chart below.

4) On 'what if' list.

Is it possible price action falls further? For sure.

Is it probable? Very unlikely.

Ww


1-day USD chart bullish divergence


Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 6 months
Return: 20x

9 Jul 2022

Trade aktif

19 Jul 2022

Catatan

These signals are fantastic.This is the 10-day dollar chart. What you now see is a hammer candle, they are a leading indicator of the momentum that is about to be seen over the coming weeks.

Unfortunately not alt-tokens are printing such candles. If I find the time..

23 Jul 2022

Trade aktif

nudge nudge wink wink

26 Jul 2022

Catatan

I don't try to time bottoms, but when I do...

28 Jul 2022

Trade aktif

But when I do....

25 Agu 2022

Catatan

Probably a good moment - Past resistance confirmed as support.

1 Sep 2022

Trade aktif

Higher low on the golden pocket that also happens to be past resistance, perfect.

22 Okt 2022

Trade aktif

Do you see? Did you see what printed??

3 Nov 2022

Trade aktif

"Did you see?" now confirmed.

If you read those words on an idea I've updated, pay attention ;-)

4 Nov 2022

Catatan

** Swing trade opportunity **

Do not ignore. Price action is well outside the Bollinger Band on the daily. Remember 95% of all candles trade inside the band, which is 1100 sats.

On the lower time frames a strong sell signal has printed. Look for support around 700 sats in the first instance or if you’re a Patron, wait for a new buy signal to print.