Alikze »» BAND | Descending channel failure

2024年9月28日

🔍 Technical analysis: Descending channel failure

- It has been moving in a downward channel on the daily time frame.

- It is currently in the supply zone with the breakdown of the descending channel.

- In case of a pullback to the broken structure and maintaining the 1.17 area, it can continue its growth until the next supply area of ​​the 1.75-1.95 range.

In addition, in case of failure of the supply zone of 1.75-1.95 range, the upward movement will continue towards the next supply zone, which can touch the 2.60 range.

💎Alternative scenario: In addition, if the 1.17 range is broken down, the bullish scenario will be invalidated and can continue the correction up to the 0.97 area.
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BANDUSDT

2024年10月22日

注释

Long setup position