BNB LTF Analysis
- BNB is moving in an Ascending Triangle.
- BNB managed to get above the 21 & 50 EMAs on the 4H.
- The area between 253 – 267 is strong resistance. Above 267, the risk of a breakdown is much reduced.
- IF BNB fails to break through resistance the next supports are:
- 238 USD.
- 231 USD.
- 220 USD.
- In my opinion, BNB’s outlook is positive, and I do not think it is likely to drop below the 220$ level.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
Related publications
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.