Just a quick update - BANDUSD had appeared to have found its footing a bit ago, and it seems to be showing us good market structure.
Everyone sees the big cup and handle, and I agree. Also, we seem to be showing a mini cup and handle as we have done yet another small term S/R flip.
So, we need to establish support above the $17.80- $18.00 mark - confirm it, and then hopefully take off beyond our all time high of $20.66.
I have targets that range into the low to upper 30's potentially for this intermediate term move. There are higher targets, but my bet is that taking profits in the 30's is a good idea.
Anyway, just to reiterate - BAND is continuing to slowly show that it wants to move up with more confirmation for now.
Thank you!
Everyone sees the big cup and handle, and I agree. Also, we seem to be showing a mini cup and handle as we have done yet another small term S/R flip.
So, we need to establish support above the $17.80- $18.00 mark - confirm it, and then hopefully take off beyond our all time high of $20.66.
I have targets that range into the low to upper 30's potentially for this intermediate term move. There are higher targets, but my bet is that taking profits in the 30's is a good idea.
Anyway, just to reiterate - BAND is continuing to slowly show that it wants to move up with more confirmation for now.
Thank you!