There is clearly a flag forming on the BNB valuation. The question is on which side it will go. The coin fatigue suggestr a price going down. But the hype around the Binance Smart Chain, the PancakeSwap and the Binance burning makes me think the opposite. What is your opinion about it?
Hi friends
the daily chart of this market shows that it will experience with a high probability an uptrend in the coming days but at the same time you have to be vigilant of the change of direction towards the opposite
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2nd Retest of a strong historical support / resistance level, with an easy invalidation level to spot. Not the highest probability set up, but high R and low risk. Seem like quite an obvious set up on both the 1D and 4H. The strong rejection at the first retest indicates strength and increases the likelihood of a notable rejection this time around.
