Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price started to decline inside falling channel, in which it broke $272.5 level.
Price fell to support level which coincide with support area, thereby exiting from channel.
Later Binance Coin made fake breakout to support line and at once bounced up, entered to wedge, and rose to resistance line.
At the moment price continue moving in wedge and in my mind BNB can bounce down from resistance line and start to decline.
Also maybe price can break support line and fall to $232.5 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price started to decline inside falling channel, in which it broke $272.5 level.
Price fell to support level which coincide with support area, thereby exiting from channel.
Later Binance Coin made fake breakout to support line and at once bounced up, entered to wedge, and rose to resistance line.
At the moment price continue moving in wedge and in my mind BNB can bounce down from resistance line and start to decline.
Also maybe price can break support line and fall to $232.5 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
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.