Band protocol Analysis BAND/USDT Update ðð
Hello traders, what's going on today ?!
Since 14 Feb 2022, that I posted the last analysis for Band protocol ,after testing higher resistance zone
it has been declining till now , actually it wasn't able to take resistance zone over , then like as a bull
trap massively dropped !(~ 50%ð° (1x)long).)
Also today as you see on the weekly timeframe for band/usdt it has been trading in a downtrend channel, after a little consolidation phase around support zone ,the current candle shape shows the power of bulls , so it has the potential to easily reach the higher VG zone , also as we see it already had 2 positive divergences can causes a jump from here , then if it be able to breakout the upper trendline of channel , it can reach the higher R zones and also likewise may see the purple vwap line as a resistance . but I expect a rejection at there , but otherwise if the situation of crypto market for any reason turns red again, it'll loses the current support zone then it may even fall on the lower DEMAND lvls!
âïļ Good luck with your trading and investing and remember: Trade smartâĶOR JUST DONâT TRADE!
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ðThis analysis is my personal opinion ,not a financial advice ,so do your own research.
ð if you're fan of my analyses please follow me , give a big thumbs ð OR drop a comment ðŊ
Since 14 Feb 2022, that I posted the last analysis for Band protocol ,after testing higher resistance zone
it has been declining till now , actually it wasn't able to take resistance zone over , then like as a bull
trap massively dropped !(~ 50%ð° (1x)long).)
Also today as you see on the weekly timeframe for band/usdt it has been trading in a downtrend channel, after a little consolidation phase around support zone ,the current candle shape shows the power of bulls , so it has the potential to easily reach the higher VG zone , also as we see it already had 2 positive divergences can causes a jump from here , then if it be able to breakout the upper trendline of channel , it can reach the higher R zones and also likewise may see the purple vwap line as a resistance . but I expect a rejection at there , but otherwise if the situation of crypto market for any reason turns red again, it'll loses the current support zone then it may even fall on the lower DEMAND lvls!
âïļ Good luck with your trading and investing and remember: Trade smartâĶOR JUST DONâT TRADE!
--------------------------------------------------------------------------------------------------------------------
ðThis analysis is my personal opinion ,not a financial advice ,so do your own research.
ð if you're fan of my analyses please follow me , give a big thumbs ð OR drop a comment ðŊ
