💎BAND pulled back with the rest of the market but retested important support. This support is at $11.1, which is the retest of a previous breakout zone and the 0.618 Fibonacci level. The wicks at this area show immediate buying support in this zone. The bulls are being aggressively buying the dips.
💎On the 4H timeframe, the selling exhaustion been visible on the ATR+ indicator (ATR - Average True Range - measures market volatility by decomposing the entire range of an asset price for that period) and on a bullish divergence signal. It signalled that bulls are stepping in. And it got confirmed after the price crossed the baseline.
💎HTF trend continuation of BAND looks likely. For some people, it is definitely not a bad time to establish a position within the white range as we are retesting the prior ATH breakout and should be primed for continuation up in the near future.
💎On the 4H timeframe, the selling exhaustion been visible on the ATR+ indicator (ATR - Average True Range - measures market volatility by decomposing the entire range of an asset price for that period) and on a bullish divergence signal. It signalled that bulls are stepping in. And it got confirmed after the price crossed the baseline.
💎HTF trend continuation of BAND looks likely. For some people, it is definitely not a bad time to establish a position within the white range as we are retesting the prior ATH breakout and should be primed for continuation up in the near future.