BNB/USDT
Daily
Examining the daily time frame, due to the rapid price growth in recent months, no valid and citationable static range has been seen, and only the $ 210 range can be considered as the most important support for this currency.
Accordingly, in case of loss of this support, we can expect a relatively deep correction for this currency
Daily
Examining the daily time frame, due to the rapid price growth in recent months, no valid and citationable static range has been seen, and only the $ 210 range can be considered as the most important support for this currency.
Accordingly, in case of loss of this support, we can expect a relatively deep correction for this currency
Note
BNBUSDT
4 hours
Looking at the 4-hour timeframe, as long as the price has not penetrated the trend range, it can maintain an uptrend in the short term and move towards the specified resistance of around $ 450
Also, as long as the price is below $ 450, the long-term uptrend is not confirmed and the price correction in the chart of this currency can be a little long in terms of time.
Given the above, the appropriate strategy for deciding on the #BNB currency is as follows
Considering the range of $ 450 and expecting the price to grow up to this level, if the price reaches the mentioned resistance, a temporary exit from this currency until the re-purchase signal is issued will be appropriate.
If you bought this currency at lower prices or already have it in your basket, you can keep it at a loss of $ 244.
Confirmation of price stabilization above resistance is the closing of at least one full daily candlestick
If the predicted uptrend on the analysis chart is completed, it will be updated again
Good luck
Cryptoclub Analytical Team
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.