BNB has broken down from triangle formation, leading the price towards 100 EMA (which we are looking to be broken).
As soon as we see a breakdown from 100EMA, we should see a further downward movement towards 200EMA and the local support zone as well!
Swallow Team
As soon as we see a breakdown from 100EMA, we should see a further downward movement towards 200EMA and the local support zone as well!
Swallow Team
Note
BNB coin has made a small breakthrough from 100 EMA after breaking the pattern of a triangle.
We are now keeping a close eye on that 100EMA for any potential attempts to break that zone there again so let's see.
For now, the price might re-test that broken zone of the triangle so keep an eye on that zone as well; our game plan has not changed!
Note
Binance Coin is testing again the 100EMA line, where the price is looking for a full-scale breakdown.
As we were talking previously, the break of 100 EMA would start a movement to as low as $350, so keep an eye on that EMA. A break from that would shift the trend in favour of bears!
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Keep an eye on us and you will not regret it. 😉
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.