BigLava

BAND h&s in rising channel

BINANCE:BANDUSDT   BAND / TetherUS
BAND looks to form the right shoulder of this H&S pattern using the trend support as neckline. We can expect to see break in local trend support after completion of the shoulder. Or we can see a test to next resistance and a rejection from there.

Closure above orange resistance line will indicate bullish scenario and will flip position.

Bet entry spot would be at last horizontal support. If you trade futures opening a short at trend resistance or confirmation of breaking trend support (teal line).


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