Bullish pennant for BAND/USDT
Hi all,
Possible long setup. A nice formation is forming, clearly visible in the 4 hr timeframe. If to be broken i expect a surge to the 161.8% extension level (swing high former all time high, Swing low start of that trend) which is actually bringing us to around 28$. I don't expect the former ath (in red) to cause to much resistance as is didn't show any significance within the pennant.
Possible long setup. A nice formation is forming, clearly visible in the 4 hr timeframe. If to be broken i expect a surge to the 161.8% extension level (swing high former all time high, Swing low start of that trend) which is actually bringing us to around 28$. I don't expect the former ath (in red) to cause to much resistance as is didn't show any significance within the pennant.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.