Two weeks ago I made an analysis on BNB and the bearish channel it was trading in. Since then, BNB has successfully, broken out of the channel and is currently on its way to retest the channel's top resistance.
It often occurs that an asset will retest the previous patter's support/resistance to confirm the trend. This might be the case for BNB as well.
So, in case of a bullish BTC, waiting for the retest of the channel's resistance might be a good aggressive entry. A more defensive strategy would be to wait for a daily close above $330
It often occurs that an asset will retest the previous patter's support/resistance to confirm the trend. This might be the case for BNB as well.
So, in case of a bullish BTC, waiting for the retest of the channel's resistance might be a good aggressive entry. A more defensive strategy would be to wait for a daily close above $330
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.