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FieryTrading
Feb 20, 2021 9:51 AM

🔥 BAND Potential Bullish Triangle Break-Out Long

BAND / TetherUSBinance

Description

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BAND has seen a period of consolidation after (marginally) bettering the previous all time high around $18. Since then, it has seen some bullish price action with higher highs and higher lows. At this point, a bullish triangle is unfolding.

Before entering this trade, wait till the price has closed above the top resistance of the triangle. Higher time frames provide more indicative power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!
Comments
HussainUzayr
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are you still bullish on this?
FieryTrading
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@actualHare83151, long term still bullish yes
Stargazer_fx
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thanks for the update
FieryTrading
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@Stargazer_fx, cheers mate
baberkayani
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same situation?
Ethen24
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Good one above 19 can jump v v quickly
FieryTrading
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@Ethen24, 🚀🚀
StevesTradingV
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Great job ;)
FieryTrading
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@StevesTradingV, thank you Steve, glad to hear
mjraadi
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Great Call, thanks.
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