BNB has formed a strong uptrend (dashed line)
This line coincides with a bottom at the 0.786 fib
For this to occur again we must see another small dip, creating the double bottom then the bullish rejection following. I have shown this with a green bars pattern.
Downward channels can be drawn within relative bear markets
This line coincides with a bottom at the 0.786 fib
For this to occur again we must see another small dip, creating the double bottom then the bullish rejection following. I have shown this with a green bars pattern.
Downward channels can be drawn within relative bear markets