In my previous post of BAND with US dollar pair we have seen that on short term hourly based chart the BAND formed bullish Cypher pattern and as per prediction the priceline took a powerful bullish divergence from buying zone and produced more than 10% profit on this very short term chart. Formation of new BAT pattern: Now again on short term 6 hour chart the...
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
Formation of bullish Cypher: This time on short term hourly chart the price action of Band Protocol (BAND) has formed bullish harmonic Cypher pattern and entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Cypher pattern should be: Buy between: $0.3131 to $0.3031 Sell between: $0.3210 to $0.3401 ...
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.