BNBUSDT - Intraday - We look to Sell at 539.8 (stop at 562.2)
We are trading at overbought extremes.
Trading within a Bearish Channel formation.
The trend of lower highs is located at 540.
20 4hour EMA is at 540.
Trend line support is located at 510.
Trading close to the psychological 500 level.
A break of 500 is needed to confirm follow through negative momentum.
Our profit targets will be 478.1 and 457.1
Resistance: 540.0 / 550.0 / 580.0
Support: 500.0 / 480.0 / 460.0
We are trading at overbought extremes.
Trading within a Bearish Channel formation.
The trend of lower highs is located at 540.
20 4hour EMA is at 540.
Trend line support is located at 510.
Trading close to the psychological 500 level.
A break of 500 is needed to confirm follow through negative momentum.
Our profit targets will be 478.1 and 457.1
Resistance: 540.0 / 550.0 / 580.0
Support: 500.0 / 480.0 / 460.0
Trade closed: target reached
