BNBBTC: DESCENDING CHANNEL
Hello friends,
We can see Binance Coin in a DESCENDING CHANNEL, It is a bearish sign right now (lower lows and lower highs). We can see that the support that was at 17319 sats was broken and now it's acting as a resistance.
I would be bullish if we see a breakout of the descending channel and we break the first resistance. In case we don't i see a very possible BOUNCE at the 16297 sats support.
PS: Bearish short-term, Bullish long-term.
- THIS IS NOT FINANCIAL ADVICE -
We can see Binance Coin in a DESCENDING CHANNEL, It is a bearish sign right now (lower lows and lower highs). We can see that the support that was at 17319 sats was broken and now it's acting as a resistance.
I would be bullish if we see a breakout of the descending channel and we break the first resistance. In case we don't i see a very possible BOUNCE at the 16297 sats support.
PS: Bearish short-term, Bullish long-term.
- THIS IS NOT FINANCIAL ADVICE -
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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.
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.