BNB has formed a symmetrical triangle and now it's reaching the verge of triangle. MA50 is above movement now and it's acting as a resistance for BNB, So there will be a rejection on this triangle... MACD has been moving on bearish side for 3 days now; MA100 has reached $580 level. So we might see a pullback if BNB reached that zone ! $610 - $580 is acting as a stiff support zone for BNB on MACRO view and there will be a minor support zone on MICRO view on current zone ( $590 - $597 ). Also MA100 has reached this level and MA200 is planning to test this level in next days. So it seems that bulls will manage to make a reversal point for BNB on this zone ! 🔰 There is a chance for BNB to break this triangle from current level and bounce after a retest.
🔴 Have to mention that BTC has reached the resistance level and it could be bad for ALTs if BT rejects to break higher level again ! Trade with caution. Any rejection below MA200 can makes BNB extreme bearish !
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Attention: this isn't financial advice we are just trying to help people on their own vision.