Welcome to this analysis about BINANCE pair BNBUSDT. here we are looking at 4H time frame. as you can see price has been rejected from 340 and far has come to retest lower boundaries of its main ascending channel. here we consider two possibilities:
Structural Developments
1- if the price holdup 300 we will be expecting for test and possible breakout above 340-360 zone. RSI is showing higher highs and higher lows in this timeframe, tho that would be a bullish sign. and this depends on BTC price through next few days. (possibility 65%)
2- if the price goes bello 300 we will expect support around 265-280 USD and also a retest to the broken 300 zone. (possibility 35%)
In this manner, thank you for watching my analysis about BINANCE and the important element on the global perspective that must be considered, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
Structural Developments
1- if the price holdup 300 we will be expecting for test and possible breakout above 340-360 zone. RSI is showing higher highs and higher lows in this timeframe, tho that would be a bullish sign. and this depends on BTC price through next few days. (possibility 65%)
2- if the price goes bello 300 we will expect support around 265-280 USD and also a retest to the broken 300 zone. (possibility 35%)
In this manner, thank you for watching my analysis about BINANCE and the important element on the global perspective that must be considered, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!