Binance Coin/ USDT 12 H
Due to the upward trend in recent weeks, which was in the form of Sharp, we expected a break after the ascent. But does "BNB" satisfy this cross-sectional drop this week or does it intend to make further corrections?
If you look at the chart, you can see that it forms a trend in BNB a third and is now approaching the hot zone of the triangle.
The triangle always offers two possibilities for future trends.
1- Collapse, which of course works with supports in the range of 250 consisting of: the lower side of the triangle, Fibo 0.38 and the moving average of 50 and below that range of 230 Ichimoku clouds to some extent prevent the collapse.
2- It is a little easier for the uptrend and it seems more likely to happen.
Of course, all these trends have been examined if Bitcoin is stable, and it is possible to surprise everyone.
Due to the upward trend in recent weeks, which was in the form of Sharp, we expected a break after the ascent. But does "BNB" satisfy this cross-sectional drop this week or does it intend to make further corrections?
If you look at the chart, you can see that it forms a trend in BNB a third and is now approaching the hot zone of the triangle.
The triangle always offers two possibilities for future trends.
1- Collapse, which of course works with supports in the range of 250 consisting of: the lower side of the triangle, Fibo 0.38 and the moving average of 50 and below that range of 230 Ichimoku clouds to some extent prevent the collapse.
2- It is a little easier for the uptrend and it seems more likely to happen.
Of course, all these trends have been examined if Bitcoin is stable, and it is possible to surprise everyone.