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angela_altair

BNBUSDT at monthly support, likley to head to 261 and 306

Long
Binance Coin / TetherUS (BINANCE:BNBUSDT)  
angela_altair  
BINANCE:BNBUSDT   Binance Coin / TetherUS
Trend Analysis Chart Patterns Technical Indicators BNB binancecoin bnbusd BNBUSDT bnbusdtlong bnbusdtbuy bnbusdtanalysis bnbusdttrade bnbusdtidea
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trendanalysis chartpattern indicator bnb binancecoin bnbusd bnbusdt bnbusdtlong bnbusdtbuy bnbusdtanalysis bnbusdttrade bnbusdtidea
The green zone marked on the chart is the confluence of monthly, weekly and daily supports. Therefore, it presents a very strong support area for the price to hold. Even during the brutal drop the price experienced a few weeks back, this is the zone where the price held and bounced back. Then there was a dip into this zone again to retest that area and now it is bouncing again from that zone. I believe the price is heading for the daily resistance DR1 zone first where it may experience some pullback and then head for the weekly resistance WR1. There might be some struggle at daily resistance DR2 zone but I believe that would not be significant in case price reaches there.
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