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Band Protocol (BAND) and Flamingo (FLM) Technical Analysis: Buyers Roar

cryptoknowmics.com 23 August 2021 13:20, UTC
Reading time: ~2 m

Band Protocol and Flamingo prices are bottoming up after posting deep losses in May and June. Presently, BAND bulls are now targeting $11, in buy continuation of early August 2021.

Band Protocol (BAND)

The Band Protocol is an oracle, linking smart contracts with external data. BAND is the platform's native token.

Past Performance of BAND

Band Protocol bears were fierce. Losses of Q2 2021 saw BAND crypto prices tank below Q1 2021, rewinding gains.

When writing, BAND coin prices are grinding higher, with immediate targets at March 2021 lows at $11.

Meanwhile, Band Protocol buyers have the upper hand versus the USD, adding six percent on the last trading day.

Day-Ahead and What to Expect

BAND technical analysis points to bulls as per the events in the daily chart.

The coin is trading in a bullish breakout pattern above $7.

Specifically, there has been a retest and a follow-through, reaffirming the presence of Band Protocol buyers.

As a result, optimistic Band Protocol coin buyers can aim for $11 as the immediate target.

Band Protocol Technical Analysis

Band Protocol Price Daily Chart for Aug 23

From the daily chart, BAND buyers have the upper hand.

High trading volumes sustain the rally as BAND bull bars band along the upper BB signaling strength.

After the retest of the middle BB and $7, the resulting follow-through reaffirms a bullish presence.

Every low, therefore, may offer an entry opportunity for Band Protocol bulls targeting $11.

Flamingo (FLM)

The decentralized finance platform rides on NEO and relies on FLM for governance.

Past Performance of FLM

The uptrend is clear. Flamingo crypto prices are printing higher with decent trading volumes.

From the daily chart, Flamingo price prediction leans for bulls targeting $1.2 — the all-time highs in the immediate term.

At the time of writing, the FLM coin is up five against the USD on the last trading day.

Day-Ahead and What to Expect

FLM crypto prices are in a bullish breakout pattern after retest completion on August 19.

Considering the demand and a buoyant crypto market, the odds of Flamingo printing even more highs in the immediate term remain high.

Presently, the first buy target is $1.2.

Flamingo Technical Analysis

Flamingo Price Daily Chart for Aug 23

Technical candlestick arrangement favors Flamingo buyers.

FLM crypto prices are presently in a bullish breakout pattern with high momentum.

Considering the demand, traders may search for entries in lower time frames targeting April 2021 peaks of $1.2 in a buy trend continuation pattern.

It also comes as a reprieve for Flamingo crypto buyers who end throughout the bear run of May and June 2021.

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