Binance ($BNB) : Consolidation after rally in near term?
Updated
Hello everyone!
From a technical point of view
BNB is very interesting in short and medium term, having said that, the trend is still bearish and on the daily chart we are approaching an important resistance area around 340/360 (potential wave V). With this in mind, some consolidation pullback are possible, so it might be interesting to look for some reversal patterns on lower time frames (intraday).
...trade with care! 👍
Cheers!
N.B.: Updates will follow below
If you think that my analysis is useful, please...
"Like, Share and Comment" ...thank you! 💖
From a technical point of view
BNB is very interesting in short and medium term, having said that, the trend is still bearish and on the daily chart we are approaching an important resistance area around 340/360 (potential wave V). With this in mind, some consolidation pullback are possible, so it might be interesting to look for some reversal patterns on lower time frames (intraday)....trade with care! 👍
Cheers!
N.B.: Updates will follow below
If you think that my analysis is useful, please...
"Like, Share and Comment" ...thank you! 💖
Note
Trade closed: target reached
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