Trade ideas
🔥 BAND Channel Break-OutBAND has been trading in a horizontal channel for more than two weeks now. The current bullish move found a strong resistance around the 14.50 area. Assuming the move will continue in the near future, wait for the price to close above the entry line to trade this break-out.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
BANDUSDT - DAILY The daily higher low is set for BAND. The question now is if we will set a daily lower high and remain in a tight range or will we break the high and so we have a daily trendchange?
In the second case we need to find a weekly lower high, and we have a lack of resistance which can indicate we move up fast!
For every new follower i will add a new idea :)
Crypto💎BAND pulled back with the rest of the market but retested important support. This support is at $11.1, which is the retest of a previous breakout zone and the 0.618 Fibonacci level. The wicks at this area show immediate buying support in this zone. The bulls are being aggressively buying the dips.
💎On the 4H timeframe, the selling exhaustion been visible on the ATR+ indicator (ATR - Average True Range - measures market volatility by decomposing the entire range of an asset price for that period) and on a bullish divergence signal. It signalled that bulls are stepping in. And it got confirmed after the price crossed the baseline.
💎HTF trend continuation of BAND looks likely. For some people, it is definitely not a bad time to establish a position within the white range as we are retesting the prior ATH breakout and should be primed for continuation up in the near future.