The chart is really self explanatory. The more lines closer the more resistance.
We can see support really built up from 18348 to 19483. I see this as a safe area to pick up BNB for at least a good bounce up.
21762 seems nice, but with the 50 day and 20 day ma about to cross down, Id be a bit worried about taking a trade there. Assuming i wanted to have a nice low risk high reward trade.
20282-20653 seems to be the better spot for BNB to want to stop before it tests back upwards.
The problem with after 18918 and 18438, is that there is a large possibly of the trading view now being looked at from the next trend. So it would look more likely for it to bounce again around 17146-17451 to around 18918.
There isn't much more to say. Everything is pretty self explanatory.
Disclaimer: I don't believe in hodling so I would never buy anything to hold more than it looks like its worth. AKA a defined start and stop.
We can see support really built up from 18348 to 19483. I see this as a safe area to pick up BNB for at least a good bounce up.
21762 seems nice, but with the 50 day and 20 day ma about to cross down, Id be a bit worried about taking a trade there. Assuming i wanted to have a nice low risk high reward trade.
20282-20653 seems to be the better spot for BNB to want to stop before it tests back upwards.
The problem with after 18918 and 18438, is that there is a large possibly of the trading view now being looked at from the next trend. So it would look more likely for it to bounce again around 17146-17451 to around 18918.
There isn't much more to say. Everything is pretty self explanatory.
Disclaimer: I don't believe in hodling so I would never buy anything to hold more than it looks like its worth. AKA a defined start and stop.
Note
Seems to be stuck under the .75 retrace. I just added quick pink boxes to show where i think good resistance is. 4HR chart too, so I hope this helps. I'm still learning on how to present charts, so thank you for being patient.Note
Whoops, I forgot two areas. Here they area. It should be a bit until it gets there, if it even does. But i don't want to leave something out when presenting data.
Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.