Hello Traders!
The price of BAND continues to move in a downward trend, testing the support level of $1.30. On the weekly timeframe, the price remains under the MA100 and under the resistance at $3.11 and $5.63, which indicates the continuation of price formation in the downward direction. Considering medium-term positions would be interesting in the case of a drop.
The range for accumulation will be a zone of $0.56-0.77.
The targets are the price levels of $3.11 and $5.63
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The price of BAND continues to move in a downward trend, testing the support level of $1.30. On the weekly timeframe, the price remains under the MA100 and under the resistance at $3.11 and $5.63, which indicates the continuation of price formation in the downward direction. Considering medium-term positions would be interesting in the case of a drop.
The range for accumulation will be a zone of $0.56-0.77.
The targets are the price levels of $3.11 and $5.63
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice