AtlasTrades

BNB broke support line of wedge and can continue to decline

Short
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello my friends, today I want to talk to you about BNB/USDT .

The price trade in an upward wedge , but broke through the support line and begin to decline.

After the price broke through the support line, it became a resistance line.

Price can do retest of resistance line and start to go down.

I expect that after a possible retest, the price will start to fall and can decline to our goal.

Our goal was set at 263.

I expect such a scenario.

This is an article, not financial advice, always do your own research.

If you still have questions, you can write it in the comments below and I will answer them.

And please don't forget to support this idea with your like and comment, thanks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.