Get started
Binance Coin / TetherUS
Short
Updated

BNBUSDT Potential Bear Action

542
Potential bearish scenario to this asset. Price action is suggesting a further drawdown to the 239USDT demand region as the actual pullback seems to be accomplished. The reciprocal AB=CD pattern projection is reinforcing this idea, as a Head and Shoulders pattern is likely in formation. Thus, on this hypothetical 30m scenario, the price can made a ranging interacting w/ the neckline. Chaikin Money Flow hidden divergence & below zero + Awesome oscillator twin peaks in formation + Fisher Transform bear crossing.
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Trade active
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
Price action will revisit 239 again
firmestudio
Also on:
abcdchartpatternAB=CDBearish PatternsbearmarketdemanzonedrawdownFibonacci ConfluenceHead and ShoulderspullbacktraderangingmarketshortpositionSupply and Demand

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.
abcdchartpatternAB=CDBearish PatternsbearmarketdemanzonedrawdownFibonacci ConfluenceHead and ShoulderspullbacktraderangingmarketshortpositionSupply and Demand
firmestudio
Also on:

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.