Long
BAO/USD BAO FINANCE Support and resistance
Updated
Hello traders, this is my idea on BAO/USD support and resistance levels
We have the support area , Higher Lows trendline and resistance area. If price holds the support area and HL trendline it should try to flip the resistance area into a new support area.
Also notice how the price is making Lower Lows since 10.09`21 till 16.10.`21 but the RSI is making Higher Lows in the same period, this is a bullish divergence that could lead to price appreciation.
RANK #1042
VOLUME 24h: $354,765
Thanks
We have the support area , Higher Lows trendline and resistance area. If price holds the support area and HL trendline it should try to flip the resistance area into a new support area.
Also notice how the price is making Lower Lows since 10.09`21 till 16.10.`21 but the RSI is making Higher Lows in the same period, this is a bullish divergence that could lead to price appreciation.
RANK #1042
VOLUME 24h: $354,765
Thanks
Note
Retest in progressRank #1023
Volume 24h: $575,586
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