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FieryTrading
1 aug 2022 14:20

🔥 BNB Reached Key Area: Bullish Break Out Or Continue Bear? 

Binance Coin / TetherUSBinance

Beskrivning

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Around a month ago I made an analysis on BNB and the bearish channel it was trading in. As expected, BNB did indeed bounce and is now closing in rapidly on the top resistance area.



Coming days are going to be very important. In case of a daily candle close above the resistance, expect further bullish pressure. In case of a rejection (combined with a bearish BTC), we can expect further selling to occur.

Ideally, in both directions, we get a big candle with a lot of volatility. Big candles around key areas are better confirmations of the short-term direction.
Kommentarer
DeGRAM
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Thank you for sharing your analysis. Great job!
Vibranium_Capital
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It looks good
Kch28
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Awesome
UnknownUnicorn15614419
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Good
parissap
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different point of view thanks for sharing
Solldy
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I agree with you, but my targets are different from yours. I wonder how you define targets for your strategy?
TheSignalyst
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Awaiting the break upward in my opinion
Mer