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Sanjan91
Nov 6, 2021 7:55 PM

BNB PRICE ACTION ANALYISIS. BEARISH BAT PATTERN 

Binance Coin / TetherUS PERPETUAL CONTRACTBinance

Description

BNB is nearing a supply zone/PRZ. It could retrace onto the support trendline before breaking the all-time high.

Observe the price action if the price corrects from the supply zone bounces off the trendline. Buying can be done at the trendline or near 510.

The 640-695 zone could be a very tough zone to break and a false breakout might happen, get the volume confirmation on the breakout.

Happy trading :)

This is just for educational purposes.

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