BNB/BTC near term Support Resistance Zones: Binance Coin watch

Updated

Binance Coin has been on tear as we all know.
Wating for pullbacks has been a difficult task.
Here are some support and resistance zones.

Some zones are obvious from previous highs and lows.
Some zones are wide but I will fine tune as price moves.
EXACT reflections off zone boundaries are of great interest.

Chart Notes:
Drag PRICE scale DOWN to see more zones outside chart.
Drag the PRICE scale UP to reduce overlapping numbers.
Drag the TIME scale RIGHT for history and origin of fibs.

Note

Perfect confirmations of the zones thus far. Fell from first resistance, right into first support

The support was pierced of course, but a close up shows decent buying in the zone and note the exact confirmation of top boundary

However, that zone being pierced is not a good sign. Would have preferred similar bounce off TOP of zone, not after piercing the bottom.

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Note

As mentioned above, the second support was bound to be hit, and it was

even that was pierced though, and the bounce so far is not impressive. Am preparing for next zone down as a good entry option.

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Note

Here we are, at the moment of truth

reflect downward to continue retrace? or Cut through to new ATH?

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Note

Took some effort but BNB has worked itself out of the support-turned-resistance band.

looks like new ATH is inbound.

Note

Zoomed in on that support zone around 38111 as it bounces within, breaks out, and retests from above

wow, Fibs dont Lie. (since that zone was derived from a confluence of fibs)

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EuroMotif

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