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 $12!
#BNB #CRYPTO #BINANCE
Strong resistance around 25usdt at last years ATH, if upwards progress continues the price may well be stopped there by the 61.80% fib and the downtrend of the Gann 1x1 - If the candles can break thru the 1x1 the arc should act as ascending support up to the 78.60% fib
I think the current position is in a good position after the buyback.
If the price is maintained at its current position and rises above 18.6601 in line with the rise of BTC or Alts, it is highly likely to reach 20.8800 over 50MA and 300MA.
BNB (Binance Coin)
- BNBUSDT Has Forming Falling Channel in DAILY TF..(Bullish Pattern)
- After Testing the LOWER Trend line & Now Moving Up With Awesome Volume..
- After a Long time, BNB Major Indicators Are Turning Bullish..
- First Major Resistance is 18$..& 24$ is the Strong Resistance ..
- Expecting 25-30% Profit in Coming Days..
Good situation for growth. The long pattern in the upward trend and the pullback, which forms a downward trend, is the only one, only at an acute angle.
This can mean 2 outcomes:
1) A strong impulse and a long growth to 30. But here the MA50 is ugly in terms of growth ratio behaves. Ideally, see a new trend formation, that is, a banal intersection of MA50 from top...
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 movement in the upward channel, breaking through the MA50 - MA200 will talk about the confirmation of the uptrend.
Two zones with high liquidity, in order to get to the upper zone need to try resistance with fixing above 21.
The lower zone is not so important, there may be false breakdowns with level 16.
The market made a good downward movement and reached the support at 14.00 level. We get a trend reversal signal based on a bullish divergence. I don't think that we will see a new uptrend soon, because we don't have fundamental reasons for this, but the correction movement looks logically. I'm talking about short and medium term upward movement against the main...
Previous ATH was resistance, it should now be at support. RSI is oversold. MACD is still positive, but I am guessing will round out as we bottom here.
And what do you know, also at this 61.8 FIB and looks like it could form this pitchfork channel quite nicely, which puts it's next target at 50. Maybe 100 if we go parabolic.
i got in on the way...