A falling wedge with EMAs
Updated
A falling wedge is usually a bullish pattern . However the higher timeframe, the weekly, signals a bearish MACD cross and the daily has a potential daily MACD cross. Both RSI and S. RSI pointing down.
A possible V-Recovery is more likely than a typical Breakout with Retest out of the Falling Wedge .
If more EMAs death cross then BNB is to be seen as in a bearish trend .
A possible V-Recovery is more likely than a typical Breakout with Retest out of the Falling Wedge .
If more EMAs death cross then BNB is to be seen as in a bearish trend .
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Added Weekly TrendlinesComment
Consider that a price level of $240 is very likely on the weeklyComment
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good bounce but take some profit and don't hold too long into this ideaComment
Retest of the rising wedge
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