Long
BAO/USD BAO FINANCE Support and resistance
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.