hi !
as you can see we have a channel that is still valid , last time price hit 460 $ and it was our last high on 5 April.
now we are getting close to the bottom of the channel and also we have mini support around 390 -380 $.
the second support is around 350 $ . this one is stronger !
the last and major support is around 320 $ .
I think after breaking the trendline in the channel , the price will get close to the top of the channel again.
.....
these are 3 possible price actions for BNB
forgot about the red path .(it will only happen with BTC drop)
.....
the price gets 10 % increase from lower-low (previous low)
.....
MACD
both EMAs get under 0 and the histogram is also red and under 0 . ( * ok , what are you talking about ? )
* = it means the bears did their job and it is late to sell / short.
it is possible to see prices ranging or coming down to support lines in the next few days , but it is a buying opportunity to me !
.....
Share your idea and your thoughts with me ,please .
do your own research !
not financial advice !!!
have a great day
as you can see we have a channel that is still valid , last time price hit 460 $ and it was our last high on 5 April.
now we are getting close to the bottom of the channel and also we have mini support around 390 -380 $.
the second support is around 350 $ . this one is stronger !
the last and major support is around 320 $ .
I think after breaking the trendline in the channel , the price will get close to the top of the channel again.
.....
forgot about the red path .(it will only happen with BTC drop)
.....
.....
MACD
* = it means the bears did their job and it is late to sell / short.
it is possible to see prices ranging or coming down to support lines in the next few days , but it is a buying opportunity to me !
.....
Share your idea and your thoughts with me ,please .
do your own research !
not financial advice !!!
have a great day