CHART PATTERN:
The pair appear to be creating an ascending triangle and be prone to a new downturn. We will likely see BNB try the 312 level once more before having any kind of breakthrough.
OSCILLATORS:
Stochastic and RSI are rapidly approaching oversold areas hinting a possible an upward rally in the next few hours/days.
LIKELY SCENARIOS:
- OPTIMISTIC - If the new attempt at 312 level will be successful BNB is likely to rally to 337 level before encountering resistance. Likely if BTC or ETH will soon start to gain traction.
- PESSIMISTIC - If BNB will be rejected we will likely see a pretty huge dump to 267. Likely if new news about regulation and oversight will appear in the immediate future
- INDECISIVE - Both the chart and the market in this period are very undecisive so there is also a non small chance that the pair will keep trading between 312 and 267 while the market in general decide its direction. Likely if nothing major happens and the market just keep idling in the wait of a sign.
The pair appear to be creating an ascending triangle and be prone to a new downturn. We will likely see BNB try the 312 level once more before having any kind of breakthrough.
OSCILLATORS:
Stochastic and RSI are rapidly approaching oversold areas hinting a possible an upward rally in the next few hours/days.
LIKELY SCENARIOS:
- OPTIMISTIC - If the new attempt at 312 level will be successful BNB is likely to rally to 337 level before encountering resistance. Likely if BTC or ETH will soon start to gain traction.
- PESSIMISTIC - If BNB will be rejected we will likely see a pretty huge dump to 267. Likely if new news about regulation and oversight will appear in the immediate future
- INDECISIVE - Both the chart and the market in this period are very undecisive so there is also a non small chance that the pair will keep trading between 312 and 267 while the market in general decide its direction. Likely if nothing major happens and the market just keep idling in the wait of a sign.