BAND (BANDBTC) just broke above EMA10 on high volume.
Here we can see the potential path mid-term and also the next short-term move.
BANDBTC can climb up straight and 0.00004792 or even 0.00005969 before retracing.
After breaking above EMA10, there is also the possibility of a short retrace, multiple days long, before the next strong bullish move.
We can see the symmetrical triangle here with a strong support line.
We also see a strong support line at the 3,250 level so we would place our stop loss just below this at around the 3,195 level for a 3% Stop loss. Risk/reward ratio is great on this with a possible quick upside potential of 15% and longer-term upside potential of 57%.
BAND/BTC - Binance
BAND is Binance IEO and these days IEOs like Matic are pumping heavily and I see some volume getting into the ALT market. The BAND has formed a descending wedge, which is very bullish chart indicator. Everything is marked on the chart.
Entry 1: 3855 sats (now on the blue line)
Entry 2: 3805 sats (green line)
Stop Loss: 3702 sats (pink)
Price moving in a potential falling wedge pattern. Best practice will be to wait for the break of this pattern and long the re-test on the top trend line of the wedge.
But counting its potential wave move it suggest a typical formation of the last leg towards the downside of the wedge.
Kindly follow the suggested accumulation zone on the chart and always...