BNB corrective impulse might be ending
Since 184$ BNB has been able to make a corrective impulse to 256$ and that means about 40% gains from bottom. To answer if the corrective impulse can continue is not a thing of technical analysis anymore, technically it can reach 300$ but it is hard to believe during a bear market. There is still a lot of FUD, social media rumours about bankruptcy of some big exchanges and there is always the common desbelief sentiment of crypto that can make possible new historical bottoms... Meanwhile I think the best option is to plan the strategy and don't get surprised if prices go higher or lower. It is really hard to predict, during these times I am just searching for the safest technical position to trade.
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.