Downtrend for BNB, and potential buying zone before take off
Hello folks,
We can notice a negative divergence on the RSI and MACD, and the beginning of the downtrend move for correction. I don't think that this is a good time for buying BNB and we should wait 3-4 days.
This downtrend (blue arrow) will probably lead to a stabilzation around 0.000143 - 0.000152 BTC (green box) in 3-4 days, which could be a good potential buying zone if we notice a new take-off when hitting the uptrend line (dotted red line.
In addition, we might see a BNB coins burn is approximately April 15th (not sure of this date), which, if it happens, wil increase the BN coins value and certainly create an uptrend move again.
Careful, if it keeps going deeper, breaking the dotted red line, and exiting the green box, this could lead to another downtrend!!
So lets wait and see what will happen ??
Please leave some comments to tell me what you think?
do not forget, i'm just a biginner at TA trying to do my best, and there is no certainty in this analysis.
Thanks.
We can notice a negative divergence on the RSI and MACD, and the beginning of the downtrend move for correction. I don't think that this is a good time for buying BNB and we should wait 3-4 days.
This downtrend (blue arrow) will probably lead to a stabilzation around 0.000143 - 0.000152 BTC (green box) in 3-4 days, which could be a good potential buying zone if we notice a new take-off when hitting the uptrend line (dotted red line.
In addition, we might see a BNB coins burn is approximately April 15th (not sure of this date), which, if it happens, wil increase the BN coins value and certainly create an uptrend move again.
Careful, if it keeps going deeper, breaking the dotted red line, and exiting the green box, this could lead to another downtrend!!
So lets wait and see what will happen ??
Please leave some comments to tell me what you think?
do not forget, i'm just a biginner at TA trying to do my best, and there is no certainty in this analysis.
Thanks.
Comment:
Get ready guys ! it is almost the time for the take off
0.00143 - 0.00152 BTC