BNB has reached a significant point, will it PUMP?
BNB was showing bull div and since this little alt season so far has pumped hard, but which way will it go now?
BNB/BTC is having a few convergences over different timeframes:
On the 4HR the price has reached the 200 day MA, and painting a ascending wedge (Bearish pattern) although there is no bear divergence I am seeing which would normally show me this instrument is about to correct
On the 1D the price has reached the 55 day MA, covergenging with the MA on the 4 HR and also being at a PREVIOUS SUPPORT.
Will be interesting to see what BNB does here, we all know it pumps during alt seasons.
If it doesn't, look at buying at the outlined aqua lines.
BNB/BTC is having a few convergences over different timeframes:
On the 4HR the price has reached the 200 day MA, and painting a ascending wedge (Bearish pattern) although there is no bear divergence I am seeing which would normally show me this instrument is about to correct
On the 1D the price has reached the 55 day MA, covergenging with the MA on the 4 HR and also being at a PREVIOUS SUPPORT.
Will be interesting to see what BNB does here, we all know it pumps during alt seasons.
If it doesn't, look at buying at the outlined aqua lines.
Comment:
Comment:
Looks like BNB could push up to the 43000 area with hidden bull div showing.
Comment:
We either start correcting from this point, or close above 38593 to continue up towards the supply zone at 43000 or so.
Note theres also a diaganol resistance, so definately a few indicators converging here, if we come down look to buy at the areas outlined with yellow arrows.