BANDBTC Ascending TriangleBand forming a massive ascending triangle.
Trend is turning green, RSI is healthy considering the run this has already had. I would imagine this takes a day or two between break and retest, then should have a LINK-like run.
DeFi season -> Oracle Season -> Exchange token season.
BANDBTC trade ideas
BAND in narrow channel trying needing strength to push throughBand has yet to recover from their price drop since token swap.
The volatility and trading range has been reducing based on reduced volume.
Until it breaks above 13000 range with sequential closes above this point the trading range will continue to narrow on weak volume
BANDBTC testing resistance levelBANDBTC close above accumulation level at 13327 sats. Testing resistance at 13800.
Support level: 13189,12600.
Resistance level: 13800, 14400.
Pattern: Breakout of failing wedge.
Indicators: RSI above 50 points + , MACD above zero line +
Moving Averages: above 100 EMA, still bellow 200 MA and 200 EMA.
Will BAND respect the channel its in or not?Interesting trading pair BAND/BTC. It is currently respecting the channel it has found itself in. It hit resistance line of the channel, and bounced back. Using fibonacci retracement to predict where it will fall to, the 0.618 line seems to have a done a good job of catching its fall...
Now the price action is going up again, hopefully to hit the support line again...
Am pretty bullish on this one. I bought in at 0.00014345. I will sell at the .236 fib line....
But hey... do your own analysis and take profits when u like...
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BAND momentum playbuying the dip on one of these top weekly gains coin.
Full Position on.
Bull Play: Snag a 15% profit and DCA in on next dip, Ladder out if alts keep up momentum.
Bear play: Double down below 16000 Sats. If price shows strength after finding support Ride momentum for next good exit op. If alts take a nosedive, Scratch trade above Break even
BAND/BTC (Short Term Downtrend?)BAND/BTC
-the price action is currently on a downtrend
-after hitting the top at 23000s
-if this downward action will continue
-the likely support will react is between 14000-12000s
-that's the key support area where potential bounce trade will happen
-if you will play a bounce trade setup
-please make sure to wait for reversal confirmation
-to reduce the risk of trade position