💎Technical Analysis Summary💎
BINANCE: BANDBTC
-BAND fell below its key level of support around 51k sat area
-Currently, it is a consolidation of the potential bear flag
-This is not good in the short term price action
-If you are looking for a good position swing entry
-Wait for the price to reach the next key level
-And patiently look for bullish signs
A...
BINANCE: BANDBTC
-A failed breakout and Bearish double top is painting today
-We can also see a break of trendline support
-If BAND closes below this support area, this might signal a strong downtrend
-The potential downside target is the recent swing Low at 84944 sat area
-An area where potential strong demand might re-enter the market
BAND/BTC
-This coin is on a short term downtrend
-Its value has depreciated by over -40% from the High
-Technically, there is no strong support at current market price
-The area which is likely to react is somewhere around 72350 region
-This is a confluence of Golden Fib level, 200ma support, and previous resistance
-So the chance we might see a bounce up...
BAND/BTC
-The bearish H&S pattern has been confirmed after the break of the neckline
-Currently testing the minor support at 37000 range
-The next key support area is located around 28000
-This level is highly potential for Buyers to look for a bounce trade
-I will not catch a falling knife instead let the price come to me
BAND/BTC
-the price action is currently on a downtrend
-after hitting the top at 23000s
-if this downward action will continue
-the likely support will react is between 14000-12000s
-that's the key support area where potential bounce trade will happen
-if you will play a bounce trade setup
-please make sure to wait for reversal confirmation
-to reduce the risk...
BAND/BTC
-last March 6, Cross Ultimate Indicator signal priority is Long
-made another higher high after the breakout of consolidation
-reached previous top price at exchange history
-but the RSI is painting a bearish warning sign
-this could be the last leg before reversal?
-it is still too early to confirm this bear warning
-technically, the market is still...
BAND/BTC
-The indicator flashes Long Signal meaning priority is up
-the upward trendline is still valid
-minor consolidation is expected
-if current levels will hold
-we could see a retest of recent swing high
-no major red flag yet
-but the things are getting too extended to the upside
BAND/BTC
-bounces off at trendline support
-50ma acted as dynamic support
-if the upward trendline will remain intact
-there is a chance we could see another continuation
-break below trendline is our invalidation point
BAND/BTC
-the strong parabolic uptrend, over 70% up
-early bearish RSI sign
-approaching Fib resistance at 0.786
-upward trendline support still intact though
-not safe to enter a Long position
-wait for a pullback at key support before considering
-there is a lot of opportunity in this market
BAND/BTC
BAND broke the descending channel to the upside but not enough follow-through.
But if this is the start of a 4H trend change, its potential upside target is up to 6000 sats area and key stop-loss is below 4200 sat.
Hi, today we are going to talk about BAND/BNB
We observe a H4 , some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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