Spotted Bullish Pennant with strong bullish divergence.
Make sure to follow the suggested BUY zone on the chart and always respect the given stop level.
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Band Protocol is starting to show some reversal signs, next impulse should be enough to regain 50MA support!
Current Price= 0.0001362
Buy Entry= 0.0001368 - 0.0001164
Take Profit= 0.0002209 | 0.0003189 | 0.0004976
Stop Loss= 0.0000889
Risk/Reward= 1:2.5 | 1:5.1 | 1:9.84
Expected Profit= +74.49% | +151.90% | +293.05%
Possible Loss= -29.78%
BANDBTC is showing some recent bullish action but with really weak volume... There is hope.
If we look at the last four candles, they are all green but the volume is not very convincing... It feels weak.
This is a short-term analysis as we are only looking from June forward.
BANDBTC is trading near All-Time Lows, in fact, the lowest ever was a long-wick back in...