MMBTtrader

BNBUSDT formed new descending channel and continue to fall

Short
BINANCE:BNBUSDT   Binance Coin / TetherUS
The price is falling as was expected and reaching the support zone that we consider :

after reaching this green rectangle that is strong support zone we may have continuation of falling or correction to the green line and targets that mentioned :
A. 440$
B. 360$

one important thing here that should mention is this that we expect huge rise after breakout on descending channels :

so Bullish market is expected too and any breakout to upside of channel is sign of rise and 🚀🚀
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Comments

It is the pattern of the flag on the chart, which is a continuous pattern
+4 Reply
MMBTtrader amir13811027
@amir13811027, maybe and we consider rise here too but i saw some correction on BTC and ... so i think more fall is expected too

so i share this analysis with you too
+1 Reply
Great analysis as always!!!
Keep up the fabulos work
Thanks a lot for sharing your ideas
+2 Reply
MMBTtrader OptimoomFX
@OptimoomFX, thanks thanks and thanks for kind word bro
Reply
Good job!
+1 Reply
Interesting thx for sharing
+1 Reply
MMBTtrader jojofang0901
@jojofang0901, thanks a lot bro
Reply
Keep up the great work
Reply
Goooooood ❤❤❤
Reply
Great call, keep them coming. 🚀🚀
Reply
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