BNBBTC - Possible SWING Opportunity
So it seems BNB is a great BTC hedge.
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Looks like we can bounce to the heart-line of the channel, around 23400 sats.
If BTC keeps falling after that, 31000 sats is very possible.
Peace,
DISCLAIMER:
MY IDEAS ARE JUST OPINIONS, NOT FINANCIAL ADVICE. I LIKE CHARTS, THIS IS JUST FOR FUN...
- Current channel has been respected since Dec. 17
- Break of channel in late July was engulfed, with decent rising volume the following day, showing support.
- MACD Cross looking very positive.
- Daily chart above 200 MA and 21 EMA, current waiting for cross above 50 MA.
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Looks like we can bounce to the heart-line of the channel, around 23400 sats.
If BTC keeps falling after that, 31000 sats is very possible.
Peace,
DISCLAIMER:
MY IDEAS ARE JUST OPINIONS, NOT FINANCIAL ADVICE. I LIKE CHARTS, THIS IS JUST FOR FUN...
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