It is at a very strong support level at $130-120.
It has strong resistance at $200 and has yet to touch its all-time high around $250 (it will eventually).
3 major oscillators are at the oversold point (buy signal).
It is waiting to start a trend after spending almost 1 year trading in the same range (120-200).
I see no way that it will continue to fall unless something extraordinary happens that impacts the markets as a whole.
The chart is on a logarithmic scale and on a daily candle.
BYND
It has strong resistance at $200 and has yet to touch its all-time high around $250 (it will eventually).
3 major oscillators are at the oversold point (buy signal).
It is waiting to start a trend after spending almost 1 year trading in the same range (120-200).
I see no way that it will continue to fall unless something extraordinary happens that impacts the markets as a whole.
The chart is on a logarithmic scale and on a daily candle.
BYND
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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.