Here is the 4hrs chart on Binaince Coin. BNB has tried many times to hit resistance here!
- BNBUSDT is consolidating in a descending triangle pattern.
- I think relatively a big move is imminent if we breakout the descending resistance
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the descending triangle inclined resistance.
- Downtrend ⬇️:...
BNBUSDT I think is making Ascending triangle Pattern - is not fully formed yet.
Just watch out I think it will continue to claim up to resistance and we can easily take advantage of either way breakout :)
Be smart and just wait guys!
I think Binaince BNB coin can break below the 205 to even 164 before a new breakout.
Will have to watch if it breaks below the 205 first and see what Bitcoin does for now. Also remember the ending month retracement or the new monthly wick formation can break below the 164 support line. Everything is iffy till next week 1st March :) For more analysis pls like & follow