BNB has been dropping since 1-Apr after a crazy rally from Nov-18.
The price broke previous support as shown in the bright red zone and now fighting to break back up.
From the daily cloud we can see a bounce from the Kijun-Sen which is a good sign.
If it cannot stay above previous support and break down the Kijun-Sen I am aiming at the ABC correction to around 0.38 fib (~0.0030 - 0.0032).
The red vertical line show the date of the last snapshot (24-Apr) for the next round of binance launchpad and I do not expect the price to drop too much before that.
Looking at the falling wedge on lower time frame we can see a bull div on the MACD and now breaking out.
The price is forming a flat pattern which is a sign for continuation to the upside.
I would observe how the break out develop and whether we can break up the flat pattern to the upside.
I would buy a break up of the flat pattern with 30% of the total BNB i want to buy as there is still moderate chance we keep going down to test .382.
Hope you like my content and thanks for your support!
Tip jar:
BTC:
361br5cQe3Yft4jy8m759WBFWk4NXedrAh
ETH:
0x4aBdf5d200c58D69477876F2fEa13E439ce1458d
The price broke previous support as shown in the bright red zone and now fighting to break back up.
From the daily cloud we can see a bounce from the Kijun-Sen which is a good sign.
If it cannot stay above previous support and break down the Kijun-Sen I am aiming at the ABC correction to around 0.38 fib (~0.0030 - 0.0032).
The red vertical line show the date of the last snapshot (24-Apr) for the next round of binance launchpad and I do not expect the price to drop too much before that.
I would observe how the break out develop and whether we can break up the flat pattern to the upside.
I would buy a break up of the flat pattern with 30% of the total BNB i want to buy as there is still moderate chance we keep going down to test .382.
Hope you like my content and thanks for your support!
Tip jar:
BTC:
361br5cQe3Yft4jy8m759WBFWk4NXedrAh
ETH:
0x4aBdf5d200c58D69477876F2fEa13E439ce1458d