BNB/USDT Chart Update!!
Analysis: BNB/USDT continues to trade within a well-defined descending channel on the 2-hour timeframe. The price has recently bounced off a significant support zone around $498 - $505, suggesting buyers are stepping in at these levels. The bounce is taking place from the lower boundary of the channel, and there is potential for a move towards the upper trendline if buying pressure persists.
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
Related publications
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.