Band Protocol (BAND) Price Prediction – November 4
After features of lower-ups and lower-downs of the BAND/USD trade operations, the crypto market now explodes in valuation to break out the recent upper-resistance trading at $1.50. The move is tremendous as it trades around $2.84, keeping 9.33% positives.
Resistance levels: $3.50, $4, $4.50
Support levels: $2, $1.50, $1
BAND/USD – Daily Chart
The BAND/USD daily chart showcases price explodes in valuation to trade far over its recent upper-resistance trading level. The bullish active motion took effect during yesterday’s session, extending its length of operation today higher to briefly break past the $3.50 resistance. The 14-day SMA indicator is at $1.36, under the $1.39 value line of the 50-day SMA indicator. And they are in the long-well defined ranges of $1.50 and $1. The Stochastic Oscillators originally crossed southward with a slight intention to cross their lines back northward at 81.63 and 87.25 range values. They are currently in the overbought region.
Will the BAND/USD market maintain its rising tendencies for a long time over the upper range point at $1.50?
It is possible that the BAND/USD trade to maintain its rising for a considerable time over the upper range point at $1.50 as the crypto market explodes in valuation to reach out for a significantly higher-trading zone between the $3.50 and $4 resistances. Between those trading value lines, buyers would have to be cautious of exerting new longing orders to escape whipsaw-trading conditions that can potentially emanate in no time. The reversal trend often starts around the higher resistance line to oppose the succeeding candlestick convergences.
As the BAND/USD trade surges into a massively bullish trading scenario, sellers would be on the search for bulls’ weaknesses at this moment to lose stances around a particular high-trading resistance spot before coupling their entrance with an active retracement motion. Before that assumption comes true, more time will need to pass.
BAND/BTC Price Analysis
In comparison, Band Protocol had formerly been trending serially southward sideways to garner momentum around the lower horizontal line drawn. The cryptocurrency pair price explodes in valuation over the range-bound zone specification points. The lower horizontal trend line has allowed the 14-day SMA to slightly cross the 50-day SMA northward. The Stochastic Oscillators are at 83.30 and 88.11 range values. Retracement motions have been identified in a line. The base cryptocurrency may lose momentum if a huge bearish candlestick appears.
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