We can see a Bull Flag formation after the recent spike in BAND price and price bumped from previous support at 11.45ish.
If price goes down it'll likely retest support levels around 10.03 and 9.65 before going up (sentiment around band is good ATM).
If we break flag it's likely the price will retest resistance levels around 13 to 13,32. If we break resistance then we will likely se a retest at 15,3+ price.
It's noteworthy that Chainlink which is a competitor from BANDhas a similar chart at the moment so i'd keep looking at both charts to see what's going on.
Not financial advice, I started trading 4 months ago.
Comments and teachings/tips from more experienced traders are welcome!
If price goes down it'll likely retest support levels around 10.03 and 9.65 before going up (sentiment around band is good ATM).
If we break flag it's likely the price will retest resistance levels around 13 to 13,32. If we break resistance then we will likely se a retest at 15,3+ price.
It's noteworthy that Chainlink which is a competitor from BANDhas a similar chart at the moment so i'd keep looking at both charts to see what's going on.
Not financial advice, I started trading 4 months ago.
Comments and teachings/tips from more experienced traders are welcome!
Comment:
Nearing buying levels. Market is quite Bearish today so i'm gonna wait a bit to make sure we're not heading for an even bigger lower than anticipated.
Comment:
We are heading for a second restest of resistance. I expect it to bounce off but you never know.
Comment:
It Bounced as predicted and retested support!
I closed my trade at 13.2
This is looking nice for a resistance retest. Now is not time to FOMO but to wait and see what happens.
Notice a pattern is forming reproducing the events from July 23 to Aug 3
I closed my trade at 13.2
This is looking nice for a resistance retest. Now is not time to FOMO but to wait and see what happens.
Notice a pattern is forming reproducing the events from July 23 to Aug 3
Comment:
Getting Ready to Short, I think it should bounce back now