Hi, my friends hope you are well, there is another bullish wave possible by the price action of the BAND protocol token.
Formation of bullish BAT pattern:
This time on a 12-hour chart the BAND token is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:
Potential reversal or buying zone: $4.57 to $2.89
Fibonacci projection or Sell zone: $8.57 to $14.49
The potential reversal zone area that is up to $2.89 can be used as stop loss in case of complete candlestick opens and closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has the profit possibility of 401% and as per the above-mentioned stop loss, the loss possibility is 58%
Which one can be the best exchange to trade or buy Band protocol?
At this time the Band protocol is being traded with the largest volume on Binance. Therefore Binance is one of the best place to buy or trade this token. Below is the link if you don’t have an account on Binance exchange then you can click to create your account:
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
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