Wait for the bearish divergence to be cancelled (not yet confirmed). Buy zone in the "buy zone" triangle. We have not broken the level of this summer.
- Momentum is almost good.
- The structure is not ready.
- Volatility too high.
- Buying volume seems to be losing strength but obv is increasing in daily.
- Confluence at TP level.
- A nice hole in the volume...
BAND between dynamic support and dynamic resistance is in a lateral phase, the breakout of one of these dynamic levels could push towards a new defined trend phase
the static resistance in the area 6.50-6.7'0 an important level in which it has been compared several times
Band has been extremely strong and bullish as of late. It simply choose the wrong weather to launch on january 5th.
BTC dropped $5000 at the exact time Band launched. ( purple Line above is BTC chart)
Band wasted no time getting itself back in shape after that crash.
Today we have the table set with the same cup and handle again, BTC creating bearish crosses,...
Youve got confirmation on your volume, RSI, and on the chart. Double bottom confirmation preparing for a full harmonic reversal here. Reaction low, reversal low.
Hello dear trader
Please observe the loss limit
Enter with a thorough review
Entry:4.65_4.82
Tp:5.15
Stop:4.60
R/R:2.49
Trade model: Tight loss limit
Good luck
The price of the BAND is reflected from the current trend line and goes up to the POC level, which acts as a magnet and also serves as a very reliable Support/Resistance, it is a fair price, it is a place where the market likes to return.
We will switch to a lower time frame and look for a suitable place to enter. Entry into the position must be based on the...
BAND-USDT BULLISH CUP N HANDLE, This Formation suggests entery point at handle breakout which has already happened and other entery at cup top breakout which is ready.
Accumulate BAND within 3.3 to 8.5 region then wait for the price to break above $11.5. Then you can start booking profit and all profit booking areas are given in the chart.
Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and happy trading!
#BAND/USDT TA Update:-
$BAND currently trading at $5.82
As per chart $BAND always strong pumped after hit $4.50 area.
This time again Hit $4.5 support and Bounced back.
20-25% up from Bounced level.
Now..?
Now I am expecting 1st Stop will be $7.5 which is 30% from here.
If dip mean Good opportunity to buy.
But Never buy small dip always try to buy big...
