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%💰 (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!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
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%💰 (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!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
