This is the twelve hour BNB chart. It shows higher lows and a clear neckline, if price action breaks below the neckline bearish outlook can follow. The difference between the neckline and the head gives a standard idea of the minimum entry. BNB does have a burn in the month of April as well as being the coin of the 2nd biggest exchange.
Note
Comments welcome.
Note
Hopefully everyone has survived the FUD! 4hr RSI still beaten way down over most coins even a 4hr bounce in the downtrend can result in good profit taking.
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.