BNB
The potential of the BNB coin and whether the breakdown of the $400 support level is false!
The last trading week of April opened with a re-test of the breakdown of the $400 support level, which is the point of intersection of the trend line of the current ascending channel. It is possible that during the current trading week, the price will test the local support of $360, which will contribute to the formation of a "double bottom" reversal technical figure with a further potential reversal and the subsequent formation of a long-term upward channel. This is indirectly confirmed by the large accumulation of pent-up demand at this level of the BNB cryptocurrency.
The breakdown of the $360 local support opens up an opportunity for deeper downward dynamics and a test of the $300 level.
The potential of the BNB coin and whether the breakdown of the $400 support level is false!
The last trading week of April opened with a re-test of the breakdown of the $400 support level, which is the point of intersection of the trend line of the current ascending channel. It is possible that during the current trading week, the price will test the local support of $360, which will contribute to the formation of a "double bottom" reversal technical figure with a further potential reversal and the subsequent formation of a long-term upward channel. This is indirectly confirmed by the large accumulation of pent-up demand at this level of the BNB cryptocurrency.
The breakdown of the $360 local support opens up an opportunity for deeper downward dynamics and a test of the $300 level.
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.