Formation of bullish Cypher:
This time on short term hourly chart the price action of Band Protocol (BAND) has formed bullish harmonic Cypher pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Cypher pattern should be:
Buy between: $0.3131 to $0.3031
Sell between: $0.3210 to $0.3401
Stop Loss:
The potential reversal zone area which is up to $0.3401 can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for short term traders not a long term idea; I will be keep posting more trading ideas.
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.