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BNB LTF Analysis
BNB Perpetual Futures Contract
Long
BNB LTF Analysis
By NewThoughtCrypto
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Jun 21, 2023
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Jun 21, 2023
BNB is moving in an Ascending Triangle.
BNB managed to get above the 21 & 50 EMAs on the 4H.
The area between 253 – 267 is strong resistance. Above 267, the risk of a breakdown is much reduced.
IF BNB fails to break through resistance the next supports are:
238 USD.
231 USD.
220 USD.
In my opinion, BNB’s outlook is positive, and I do not think it is likely to drop below the 220$ level.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
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