FiboTech

BNBUSDT

Short
FiboTech Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello Dear friends

If the $254.8 range is completely consumed, the possibility of seeing lower areas is strengthened.
It seems that we have the main reaction to form a downward trend to the $200 area from the $366 range.

If the $254.8 range holds, the above view will expire.

We would be happy to hear your comments.
Trade active:
So far, according to the analysis, it has progressed (:
On the lower time frames, if the $323.4 range remains unexploited, there is a high possibility of forming a bearish trend.


**** But keep in mind that in higher time frames, the previous view of an increase to the $366 area and the reaction to this area is still in place. ***


Trade active:
According to the analysis, a downward trend was completed up to the specified range.

If the current downtrend falls below the $251 range, the possibility of the downtrend continuing to the $200 range is strengthened.
Comment:
So far, the scenario we've looked at has exactly happened, hasn't it?
The $254.8 support range was completely consumed.
We have a 42% uptrend so far, which has completely consumed the $323.4 resistance range. As a result, the probability of seeing the range of $365.9 has been strengthened.


Considering the consumption of the $323.4 range if the previous floor ($220) is maintained, the possibility of continuing the upward trend to the price area of $365.9 is very high.

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.