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Bnbusdtsignals

BNBUSD / OVERALL DOWNWARD PRESSURE / 4HBNBUSD / 4H TIME FRAME HELLO TRADERS Current Status , Prices are attempting to stabilize above 585.4 ,If successful, the price is expected to rise towards a supply zone between 605.8 and 619.1. Uptrend Confirmation , For an uptrend to be confirmed, the price must break above the supply zone between 605.8 and 619.1. Downtrend Scenario , If prices break below 585.4, it indicates a likely decline towards a demand zone between 571.8 and 565.5 , To confirm a downtrend, prices would need to break below this demand zone. Range & Direction , The price is currently fluctuating between the supply and demand zones. Breaking either side of this range will help determine the future direction. General Market Sentiment, Despite the analysis of potential movement in both directions, the overall tendency suggests the prices are under downward pressure. Supply Zone : 605.8 and 619.1. Demand Zone : 571.8 and 565.5.
BINANCE:BNBUSDShort
by ArinaKarayi
1
BNBUSDT One last flush possible before recovering*** *** For this particular analysis on the BINANCE COIN we are using the BNBUSDT symbol on the Phemex exchange. *** *** The idea is on the 4H time-frame where BNB is consolidating following the strong selling of the past 3 days. We are below the 4H MA50 (blue trend-line) and the 4H RSI recovering from a deep collapse below the 20.00 highly oversold levels. The last time we saw the exact same sequence on these indicators was during the early May sell-off. If the market is following that pattern, then we are at the short consolidation before the final collapse to the -0.5 Fibonacci extension level. That is currently around 151.75. Traders may sell this with a tight SL on today's High or wait for a buy on the -0.5 Fib, unless the 4H MA50 breaks first. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
4