On the higher timeframe BNB is currently in a descending channel, if we break out of this 500 zone could see an upswing to around 550-600.
If we stay in this descending channel its possible we see a retracement to under 400 demand zone.
Consistency is key in these times!
If we stay in this descending channel its possible we see a retracement to under 400 demand zone.
Consistency is key in these times!
Note
Rejection confirmed, descending channel is still valid!Note
Short target reached! Hedging on the way up now, if we see the market stabilize a bit
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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.