The turning point for BNBUSD was the ascending correction. Once we saw that pattern appear, it was all downhill from then. We saw multiple break and retests on the lower timeframe. Next support area is the double bottom region at $208 level. Will be watching for bear flags to take this down.
Goodluck and trade safe!
". There is a possibility of temporary retracement to the suggested support line (367.44).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BNBUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
In recent events, BNB dove off a cliff but found support at the major impulse generation point - cancelling all the gains it made since end of March 2021. As price didn't make a lower low on the bigger timeframe, it's safe to say that we still are in an uptrend and that this was a correction on the bigger timeframe.
Watching for price to break through the $400...
I personally bougth at $319 but a conservative PoE could be set soon. We would like to see next a SOS as a JAC and a BU afterwards, moment when a conservative PoE could be setup.
We will follow that trade closely, do not missed up!
BNB is facing a strong resistance. I expect the price to re-test the green zone (around 292-307) and move towards the targets.
P.S This analysis is cancelled if BTC fails to maintain above 35K support.
Hy dear traders and Investors. Now we are here to discuss ETHUSD. ETHUSD is almost going to touch the Price level 2800. That is a strong Support level. After this it can bounce back. But here fundamentals are very important.
Keep in touch we will up further soon.
Hello to you all. Mars Signals team wishes you high profits at all times.
The price has broken its resistance line and is starting to move upwards. We can buy stairs for the above purposes
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
The last time we analysed BNB, we had that major trendline in place so that if we price approached it, we would look for buys. Price rejected the major trendline with a wick rejection and bounced up aggressively! We had several bull flags leading higher and higher. Watch for more bull flags and breakouts to take this even higher!