If the price rises above 50MA and maintains price at 50MA the next day, it is expected to start rising above 18.6601.
The price is expected to remain between 17.4767 and 18.6601 and then challenge the 50MA again.
The short-term upside is 20.88 and the long-term upside is expected to reach the "lime green uptrend line".
That's unlikely, but if it falls, it could...
Continuation of the movement in the ascending channel.
Locally, the price hit a resistance of 18.5 and formed a corridor with 17.7.
Scenario 1: breaking through the resistance of 18.5, fixing above it and increasing the value to 21.
Scenario 2: Rollback to the liquidity zone 17.1 - 17.6, a set of positions and a new increase in value to 18.5. But it may be that...
Spotted potential Descending triangle pattern with price moving down in a mini downtrend channel which break down and we are waiting for a re-test on the channel body before the next leg down to test out our proposed accumulation zone.
Looking closely on the previous trading pattern it shows whenever it touch those trendline price always resulted in serious...
The decline in $BNB became impulsive. So, we will see another leg down eventually!
For now, I think that we see a decline to ~ $12
Just let it play out and accumulate around $12
Missed the short opportunity? Don't worry, you will have another chance...
See you at $12!
#BNB #CRYPTO #BINANCE