There is no good reason to believe that BNB is going to lower than 38% fib level, similar to its movement in February. As of many other alt coins, BNB has been repeating its movements over and over and what you see on this chart is the next likely scenario. I can't imaging Bitcoin or BNB crashing any time soon and there is no reason to think of any short term trend reversal at this stage. So a $50 discount is what's going to happen ($480ish).
We also have our reliable yellow support line, which in case of any unpredictable price movement should hold the price within its upward channel. I hope it doesn't come down to testing the support line at least within the next month, or that would be warning.
We also have our reliable yellow support line, which in case of any unpredictable price movement should hold the price within its upward channel. I hope it doesn't come down to testing the support line at least within the next month, or that would be warning.
Note
this is a warning sign.Trade closed: target reached
Hope you enjoyed this analysis!
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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.