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MMBTtrader
Apr 17, 2021 4:22 PM

BNBUSDT formed new descending channel and continue to fall Β Short

Binance Coin / TetherUSBinance

Description

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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 πŸš€πŸš€
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press likeπŸ‘ if you enjoyπŸ’š>>
Comments
amir13811027
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It is the pattern of the flag on the chart, which is a continuous pattern
MMBTtrader
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@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
Mihai_Iacob
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Great analysis as always!!!
Keep up the fabulos work
Thanks a lot for sharing your ideas
MMBTtrader
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@OptimoomFX, thanks thanks and thanks for kind word bro
Henry_Ross
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Good job!
jojofang0901
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Interesting thx for sharing
MMBTtrader
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@jojofang0901, thanks a lot bro
ForecastCity_World
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Keep up the great work
Hsan_Benhmed
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Goooooood ❀❀❀
financialflagship
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Great call, keep them coming. πŸš€πŸš€
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