Trend line analysis
I brought a #BNB analysis as requested by everyone.
Trend line analysis.
#BNB was approaching the 255 day Down Trend line. A noticeable volume is required to break this out. Test this and when down to the upTrend (S) line, #BNB will come back to this trend line and break it. Also, there is a big chance to open a short position from the 255 Days Trend line. 75% good bounces have been taken from #BNB Channel Bounce. You can see that there was a small bounce of 36%. But it is different from these and it is in a place where there are big buy orders that #BNB hit that bounce.
A bearish trend is being set up for the market going forward. So be careful about that too.
Trend line analysis.
#BNB was approaching the 255 day Down Trend line. A noticeable volume is required to break this out. Test this and when down to the upTrend (S) line, #BNB will come back to this trend line and break it. Also, there is a big chance to open a short position from the 255 Days Trend line. 75% good bounces have been taken from #BNB Channel Bounce. You can see that there was a small bounce of 36%. But it is different from these and it is in a place where there are big buy orders that #BNB hit that bounce.
A bearish trend is being set up for the market going forward. So be careful about that too.
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