BNB is moving within range of 250 - 303 from last 2 weeks and now its holding 300 area. There could be some pump till 350 but depends on market movement. Right now Its main support is 250 and if it breaks then 180 - 200 will be on board which is our final target but if it breaks 180 then there will be chances of more low to 117 - 131.
BNB should break its 303 - 310 properly for further upward movement and if not then there are lot of chances for downward movement. For BNB trade we need to enter at good point because its Binance coin which move up and down very fast and manipulate the market as well.
Remember If BNB breaks 180 properly then I think 130 area can be tested but it depends on over all market and Bitcoin movement.
I will buy this coin at very low because this is manipulated coin of the market and keep in market its Binance own coin so whenever you try to sell it then use stop loss accordingly. For bullish it should break its main resistance at 390 properly.
Remember till 390 its in bear flag and if breaks it upside then it will be invalid but right now there are minimum chances. According to me its still bearish for till 150 - 200.
Weekly Chart
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BNB has bear flag in weekly chart as well in monthly chart it is showing bear flag . Its also showing the same result as in weekly chart.
One Month Chart
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BNB Supports are : 250, 196 and 130
BNB Resistance are : 310, 357 and 390
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
BNB should break its 303 - 310 properly for further upward movement and if not then there are lot of chances for downward movement. For BNB trade we need to enter at good point because its Binance coin which move up and down very fast and manipulate the market as well.
Remember If BNB breaks 180 properly then I think 130 area can be tested but it depends on over all market and Bitcoin movement.
I will buy this coin at very low because this is manipulated coin of the market and keep in market its Binance own coin so whenever you try to sell it then use stop loss accordingly. For bullish it should break its main resistance at 390 properly.
Remember till 390 its in bear flag and if breaks it upside then it will be invalid but right now there are minimum chances. According to me its still bearish for till 150 - 200.
Weekly Chart
-----------------------
BNB has bear flag in weekly chart as well in monthly chart it is showing bear flag . Its also showing the same result as in weekly chart.
One Month Chart
-----------------------
BNB Supports are : 250, 196 and 130
BNB Resistance are : 310, 357 and 390
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!