BAND has seen a period of consolidation after (marginally) bettering the previous all time high around $18. Since then, it has seen some bullish price action with higher highs and higher lows. At this point, a bullish triangle is unfolding.
Before entering this trade, wait till the price has closed above the top resistance of the triangle. Higher time frames provide more indicative power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
Before entering this trade, wait till the price has closed above the top resistance of the triangle. Higher time frames provide more indicative power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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