🔥BAND/BTC🔥 [detailled analysis of special Alt] - CryptoBRO

Band is sill in accumulation phase (The real trend has not started yet]

i have marked out the most important level from where price should see pivotal reactions.
For now price is consolidaiton below pivotal resistance. daily close (weekly better) above this lvl would confirm a bullish trend imho.

Based on Price Action alone we have a higher low and a higher high as soon this resistance zoned gets flippe dinto support.

Comment:

it gives a better clue about what level within this resistance consolidation are pivotal.

scalping view:

28690 is the point of resistance which needs to break. a smal break above would not confirm a flip into support because it could deviate below like the previous attempts. Therefor i want to see a small consolidation in that "grey" area with following break upwards. this would give me confirmation that buyers have joined the market, THIS IS THE MOST IMPORTANT POINTS HERE!

even if you take a few percentage points less with you the probability of the trade increases tremendously based on the more confirmed S/R Flip. Otherwise u have the risk that price deviates below the resistance like in the attempts before.


Moving Averages

Moving averages are not looking trending because price is below 200 Moving Average. BUT 10/20/50/100 Moving Averages are curling up which indicates short term momentum to the upside till at least the 200 moving averages resistance. From there only a longer confirmation or a straight break above could change the negative angle of the 200 MA( red one) to the positive side

USD PAIR

Price is consolidating below pivotal resistance. Hence, waiting for the breakout is more preferable than taking a position Rn below resistance.