BAND/USDT - Market Update 20.08.22
Hello Traders!
The price of BAND continues to move in a downward trend, testing the support level of $1.30. On the weekly timeframe, the price remains under the MA100 and under the resistance at $3.11 and $5.63, which indicates the continuation of price formation in the downward direction. Considering medium-term positions would be interesting in the case of a drop.
The range for accumulation will be a zone of $0.56-0.77.
The targets are the price levels of $3.11 and $5.63
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The price of BAND continues to move in a downward trend, testing the support level of $1.30. On the weekly timeframe, the price remains under the MA100 and under the resistance at $3.11 and $5.63, which indicates the continuation of price formation in the downward direction. Considering medium-term positions would be interesting in the case of a drop.
The range for accumulation will be a zone of $0.56-0.77.
The targets are the price levels of $3.11 and $5.63
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.