Binance Coin has been having a nice rally to upper zones, claiming unfilled FVGs that formed when we had a nice dump on the coin.
As of now, we are testing the 200EMA and approaching the upper resistance zone in 4-hour timeframe so this is the zone we will be looking for some weakness to kick in. It is still early to talk about it so let's wait for the zone to be reached and then look closer to the situation!
Swallow Team
As of now, we are testing the 200EMA and approaching the upper resistance zone in 4-hour timeframe so this is the zone we will be looking for some weakness to kick in. It is still early to talk about it so let's wait for the zone to be reached and then look closer to the situation!
Swallow Team
Note
Binance has made a nice rejection from the upper resistance, showing us great sell pressure with a strong candle.
We are now looking for the re-test of EMAs to happen and a movement to lower zones here!
Note
Binance coin is still trading below the resistance zone, where after first touch and rejection, we are now having a second re-test.
So far, it is looking good, with a possible second rejection happening in the next 3–6 hours. looking closely at the current zones!
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.