Will BAND respect the channel its in or not?

Interesting trading pair BAND/BTC. It is currently respecting the channel it has found itself in. It hit resistance line of the channel, and bounced back. Using fibonacci retracement to predict where it will fall to, the 0.618 line seems to have a done a good job of catching its fall...
Now the price action is going up again, hopefully to hit the support line again...

Am pretty bullish on this one. I bought in at 0.00014345. I will sell at the .236 fib line....

But hey... do your own analysis and take profits when u like...

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