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dionisiusdh
Feb 22, 2021 7:39 AM

BNB/USDT UPDATE: Critical point, Breakout or Breakdown? 

Binance Coin / TetherUSBinance

Description

Just a beginner's view. BNB/USDT is currently in its critical area concurrently with a decreasing amount of transaction volume. If it breaks down from 275-270 price point, it might go to 240, but if it can breakout from the channel with volume confirmation (preferably a spike volume), 340 is getting close. Suggestions are welcomed. Thanks!

Comment

It breaks the 270 support and currently is heading to 240 if it also breaks the dynamic channel support.

Comment

There's a 'fightback' from the buyer side when it hits 250 indicating a pretty strong buying power. Let's see what happens next
Comments
SamTheNoviceTrader
Looks like it didn't break. Nice Analysis
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