BANDUSD Top of the Channel Down hit. Potential break out.
The Band Protocol / BANDUSD hit today the top of the 8 month Channel Down after a strong rally that saw the 1day RSI recovering from deeply oversold levels.
This pushed the price above Fibonacci 0.382 but still under the 1day MA200.
Buy after the 1day MA200 breaks and target the 0.618 Fibonacci at 2.0500.
The 1day RSI is also testing the Falling Resistance, a crossing above it will be an additional buy indication.
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This pushed the price above Fibonacci 0.382 but still under the 1day MA200.
Buy after the 1day MA200 breaks and target the 0.618 Fibonacci at 2.0500.
The 1day RSI is also testing the Falling Resistance, a crossing above it will be an additional buy indication.
Follow us, like the idea and leave a comment below!!
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