BNBUSDT BNB rebounded from the 50-day SMA (
323) on April 30, indicating that the bulls are still guarding this level. However, the past few days have formed a symmetrical triangle pattern, indicating indecision among buyers and sellers.If the buyers manage to push the price above the triangle, it would signal the start of a new uptrend. On the other hand, the bears will try to sink the pair below the support line of the triangle and deepen the correction to $280.
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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.