BANANA is retesting a key weekly support zone that previously acted as an R/S flip, making this an important area for buyers to defend. The overall trend remains bearish, and structure only improves if price can reclaim the mid-range area and start forming higher highs. Until then, the previous weekly highs remain the main resistance zone.
Key Levels:
Support: current weekly zone + former R/S flip
Mid-range: next area to reclaim
Resistance: previous weekly highs
If you want to see more simple breakdowns like this — or prefer full trade ideas instead — let me know in the comments.
Mr C
Key Levels:
Support: current weekly zone + former R/S flip
Mid-range: next area to reclaim
Resistance: previous weekly highs
If you want to see more simple breakdowns like this — or prefer full trade ideas instead — let me know in the comments.
Mr C
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.