BAND: Inverse Head & Shoulders pattern spotted. 🚀

21 במרץ

💎BAND is exhibiting signs of CHoCH (Change of Character) and BOS (Break Of Structure) towards a bullish market structure. Additionally, it has formed an inverse head and shoulders pattern, which increases the probability of a reversal.

💎If BANDUSDT manages to break out above the neckline and resistant area of the inverse head and shoulders pattern, it could indicate a bullish move towards the next resistant levels.

💎In the event of a pullback, we can anticipate a bounce from the demand level.

💎However, if the price breaks down below the bullish demand level, it would be considered a bearish scenario. In such cases, it's advisable to ignore it and wait for better price action to form before making any decisions.