hi there, dear fellows.
with all the subjectivity that channel drawing has, we've identified a downward channel in BNB.
it anchors in the top candle on Nov 8th, and bases itself on the bottom of the 2 legs down that followed it.
that showed us we've just tested its top last week, and now we're moving down to its bottom, most likely at $50 on late October.
BNB has usually lead the moves BTC did, thus applying the same rules to BTC we've get the following,
thank you.
best regards.
with all the subjectivity that channel drawing has, we've identified a downward channel in BNB.
it anchors in the top candle on Nov 8th, and bases itself on the bottom of the 2 legs down that followed it.
that showed us we've just tested its top last week, and now we're moving down to its bottom, most likely at $50 on late October.
BNB has usually lead the moves BTC did, thus applying the same rules to BTC we've get the following,
- we've just tested the mid-channel
- we're moving on to test the bottom
- we're likely to reach it on late September in the range 9k, 10k.
thank you.
best regards.
