It is forming an ascending triangle along with a parabolic curve, which usually occurs when a market moves up or down in an exponential type way. These are very rare moves that typically occur from periods of rampant speculation or at the end of bubbles(buying or selling into a parabolic move takes a lot of courage). As more vertical or parabolic the state of the curve, the bigger the resulting price correction usually is.
However, if done correctly, the benefits of trading a parabolic move can be great as they offer rapid profit potential. Prices tend to move very sharply at the end of a parabolic move. It has already formed Base 1 and Base 2 (mentioned in NOTE in green) and now is ready for a crazy move to the upside. Since, we are in an ALT SEASON, every coin is moving wildly. Crazy Market = Crazy Returns.
Resistances/Targets are mentioned in green (Although, it can surge more than that).
Supports in Blue.
DISCLAIMER : I am not your Financial Advisor, this chart is just for educational purposes only (DYOR).
P.S :- Too much information in the chart.
BANDUSDT
However, if done correctly, the benefits of trading a parabolic move can be great as they offer rapid profit potential. Prices tend to move very sharply at the end of a parabolic move. It has already formed Base 1 and Base 2 (mentioned in NOTE in green) and now is ready for a crazy move to the upside. Since, we are in an ALT SEASON, every coin is moving wildly. Crazy Market = Crazy Returns.
Resistances/Targets are mentioned in green (Although, it can surge more than that).
Supports in Blue.
DISCLAIMER : I am not your Financial Advisor, this chart is just for educational purposes only (DYOR).
P.S :- Too much information in the chart.
BANDUSDT
