BANDBTC has been in a downward trend for more than a year. On the daily this looks like a huge bull flag and there were already a couple of attempts to breakout to the upside in the recent weeks.
It is a good time to watch BANDBTC in my opinion: If it holds above ~1040 we may see a big push to the upside with a lot of potential (~61x).
The volume has been declining and is quite thin since a couple of month. So basically waiting for that breakout with respective volume as confirmation.
The targets are on the chart. I would set the stop loss to <= 950.
It is a good time to watch BANDBTC in my opinion: If it holds above ~1040 we may see a big push to the upside with a lot of potential (~61x).
The volume has been declining and is quite thin since a couple of month. So basically waiting for that breakout with respective volume as confirmation.
The targets are on the chart. I would set the stop loss to <= 950.
Trade active:
Close above 1040 (above EAM 100) and moving upwards. Looks good to me. First target would be ~1400 in my opion and then the upper resistance of the smaller descending channel. If we break that resistance, we should move a lot higher.
One may also argue that we have a double bottom on the daily: The trend reversed.
One may also argue that we have a double bottom on the daily: The trend reversed.
Order cancelled:
Too bad stop loss hit.