TradingAxis

BNBUSD > We Might See a Rally Here as Well!?

Long
FTX:BNBUSD   Binance Coin / USD
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Analysis of #BNBUSD

Hello friends.

Like many of you, I have enjoyed the rally or most of it on BNB, I started accumulating near 40 and sold my holding near 270 and I bought again near the low.

I believe in the future of this coin, and I think it can go a lot higher.

looking at the chart, the market now is at fib 61 retracements, and as you can see the market shoed bullish reaction, still the market is not able to break through the trendline resistance

if you are a trader you can wait for a break and close up the trendline resistance to get in a buy trade, or if you are an investor just get in and forget about it meaning hold as an investment


let me know in the comment what pair you want to see the analysis for in my next free analysis

Safe trading everyone

Check today analysis below⠀

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-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
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Comments

I think it needs to cool down a bit and some retracement, Weekly RSI is so high. If I see STRONG support on $195 then i will be bullish.
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TradingAxis keep them coming :D
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TradingAxis TheSignalyst
@TheSignalyst, thank you for comment
Reply
Thanks!
Reply
TradingAxis FieryTrading
@FieryTrading, you are welcome
Reply
‌nice view
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TradingAxis mmalek1979
@mmalek1979, thank you
Reply
Good analysis!
Tanks
Reply
@sarmgh, welcome
Reply
Yes need to break 240!
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