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%
Spotted potential falling wedge, price breakdown Bearish pennant within the pattern setup. This coin required lot of patience, either we wait to buy the wedge breakup or wait for price to break immediate support to Long from the major demand zone.
Make sure to follow the suggested BUY zone on the chart with stop loss advised and leave us your comments about the...
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...
With the breakout towards upper levels of bitcoin dominance, we could expect altcoins to outperform bitcoin until bitcoin reaches all time high levels. In this connection, band seems likely to break out to the upside of the falling wedge. the MACD on the weekly shows a golden cross but it seems weak to me. Let me know what you think.