💎BAND is exhibiting signs of CHoCH (Change of Character) and BOS (Break Of Structure) towards a bullish market structure. Additionally, it has formed an inverse head and shoulders pattern, which increases the probability of a reversal.
💎If BANDUSDT manages to break out above the neckline and resistant area of the inverse head and shoulders pattern, it could...
stock after falling wedge breakout
now at high level and consolidating over the higher range of Bolinger band
also asymmetrical triangle is formed in 4 hourly chart
Currently BAND price is at $7.516. In the early hours, the price surged to $7.903, but plunged after that following its current fad. In the coming hours, the price might dip to $7.4 with some bears. Consequently, it might surge from this point to reach the new high for the day. RSI levels dip near 47.28.
The resistance level is $ 7.761
The support level is $ 7.509
I am going long on $BAND
- Consolidating in a range since Feb.
- Currently sitting in a range low area.
- Reversal on 4H chart.
- 0.618 to 0.5 on fib level.
- Tested 200EMA on Daily
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (12.68). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BAND/TetherUS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
