BNB's big rally coming to an end now?
This , it's support could still break and create a drop , but it could easily find support at one of those 2 green support zones, instead of dropping to it's target in the orange zone. The first green could easily break, but the second one won't be that easy i think. If break this with sideways price action and keep doing it for like a day or so, than you can assume the is invalid.
We have a small triangle now on the right, if this one breaks down and we see volume increase, then the second green might break. We can also see the channel on the daily where the price is closing in on it's support line as well.
Also, to show you why volume is important, we can see another channel that broke 2 months ago, where you can see the selling volume was very low. So instead of dropping a wedge/flag was formed and we simply moved higher again.
My thinking ws, if bitconnect when to 400$ cauz of nothing, how far will Bnb go?
With that in mind, I entered Bnb when it was around 6-7 dollar..look what they have done so far.. Fund r safu and a lot of people trust that exchange.. Now, never say never..:)