Two weeks of active struggle – is it enough to win? And if before that you were constantly defeated for six months? It is difficult to break a strong trend, even using increased trading volumes. This is clearly seen in the BAND weekly chart. Buyers were unable to keep $5.13. BAND stopped falling slightly lower in the range of $3.73. But what is this range? In the history of BAND cryptocurrency trading, it can be seen that the BAND price has always been in this range for a very short time. For the most part, these were false breakdowns of $5.13. This time, buyers could not aggressively raise the price above $5.13. https://www.tradingview.com/x/QUinje8o/ For the second week in a row, buyers are trying to regain control of local lows in May 2021. At the moment, the probability of a new growth trend is quite low. The optimistic scenario for the BAND cryptocurrency is to continue the consolidation in the blue range and the formation of large positions for a new growth wave. But, if the price stays below $3.73 – we will see a new powerful fall wave with the first target of $1.7. Technical Analysis Of BAND On The Daily Timeframe https://www.tradingview.com/x/4OK97Zf0/ Analyzing the movement of the BAND price on the daily timeframe, you can see the local culmination of purchases. Yes, buyers are still keeping their trend line. Trading volumes for the breakdown of the $5.13 mark are growing. However, pay attention to how aggressively s...
