Scenario 1 - We saw BNB is showing a bearish pattern inside the descending channel which I drawn. BNB bounced twice and this time I don't think the channel will bear the support for BNB which means it could break upwards or downwards. Usually descending channels break upwards. But it doesn't mean BNB won't dump. Anything could be happen. If BNB break the channel upwards BNB could bounce at some resistance levels (which I drawn in the chart). If BNB break those 3 major support lines it could reach it's ATH also. But it's little bit confusing when we look at the whole market situation. BTC is still dumping.
Scenario 2 - If BNB break the channel downwards and BTC went pumped , then BNB can bounce at the support levels (which I drawn in the chart).
I am not a financial advisor and I'm still new to trading. I'm just sharing my idea. I'm still learning. Manage your risk!!! Good luck!
Scenario 2 - If BNB break the channel downwards and BTC went pumped , then BNB can bounce at the support levels (which I drawn in the chart).
I am not a financial advisor and I'm still new to trading. I'm just sharing my idea. I'm still learning. Manage your risk!!! Good luck!