Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (306.29).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Overall bearish momentum
Confluences-
1. Daily resistance zone
2. 61.8% fib. level
3. Double top on daily-time
4. RSI divergence
Waiting for 4hr structure to break for entry.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (321.72).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Binance coin in 4H time frame is moving in a channel pattern forming it's resistance near $315 and it's support as the below trend-line . If it breaks it's resistance with strong volume candle we expect a good bullish move.
#BNBUSDT is stronger compare to its peers.
If we complete the 4th wave, the next wave will see a target of 800 $ approx and higher.
Be long with swing low market in the chart as Stop Loss.
Regards,
SG
#crypto #BNB #usdt #bnbusdt
