Binance (BNB): Breaking 100EMA And Re-Testing It.
Binance coin is looking great with the smaller dumps it has been having, which led to the 100 EMA breakdown.
We are looking here at current re-test to 100EMA which seems to us to be weak, but we are looking for a potential further movement to the lower zone.
Swallow Team
We are looking here at current re-test to 100EMA which seems to us to be weak, but we are looking for a potential further movement to the lower zone.
Swallow Team
Comment:
After the rejection we have been waiting for, price is showing us some further weakness and confusion, which are both good for a potential breakdown to come!!
We are looking for that lower target zone to be touched, which has high chance of being reached
After the rejection we have been waiting for, price is showing us some further weakness and confusion, which are both good for a potential breakdown to come!!
We are looking for that lower target zone to be touched, which has high chance of being reached
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Coin has failed the re-test and went for our smaller resistance zone (from where we had a nice small rebounce)
As of now, the price may go for another attempt and even touch that upper resistance zone before moving to our lower support zones here near $265.