BNBETH pair has reached the low of the Kumo Cloud
which coincide with the lower line of a symmetrical
wedge. The projected Cloud is bullish, so one could expect
support around the 0.223 level. Even a breakout below
could be absorbed, due to the bullish projected cloud.
At current levels it is a wait and hold situation for
potential Eth buyers, since chances are we will see
a bounce from these levels. Only a strong break and hold
below the Cloud and wedge will be bearish and will
likely cause a strong capitulation towards Ethereum.
A bounce will first target the Kijun sen (white line)
and ultimately the upper cloud and upper line of the
wedge.
which coincide with the lower line of a symmetrical
wedge. The projected Cloud is bullish, so one could expect
support around the 0.223 level. Even a breakout below
could be absorbed, due to the bullish projected cloud.
At current levels it is a wait and hold situation for
potential Eth buyers, since chances are we will see
a bounce from these levels. Only a strong break and hold
below the Cloud and wedge will be bearish and will
likely cause a strong capitulation towards Ethereum.
A bounce will first target the Kijun sen (white line)
and ultimately the upper cloud and upper line of the
wedge.
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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.
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.