Band Protocol (BAND) to $30On the above 1-day chart price action corrected 80% and printed a ‘incredible buy’ signal. However only recently was RSI resistance broken. A number of reasons now exist to be bullish, including:
1) Price action prints a higher low on the bottoming candle.
2) Price action makes an impulsive move to the upper side of the Bollinger Band (not shown here).
3) Price action breakout of falling wedge pattern and confirms support (see 3-day chart below).
Is it possible price action falls further? Sure.
Is it probable? Very unlikely.
Good luck!
WW
3-day chart - falling wedge