BNB swing short opportunity
BNB Broke the support of $309 on 17 August 2022, the day after we confirmed that breakdown and brought BNB to the construction support at $276. Now BNB is climbing up.
At $313, the 0.618 resistance is coming in, so an nice opportunity to short is all the way down to at least $277 again. as you can see BNB is breaking out his Bullish flag pattern on the shorter timeframes, The bullish target of this pattern is also around the golden pocket (0.618), so an extra comfirmation to short it.
more comfirmations are another Lower high on the 2/4 hourly and the rejection point (supply) at $320.
At $313, the 0.618 resistance is coming in, so an nice opportunity to short is all the way down to at least $277 again. as you can see BNB is breaking out his Bullish flag pattern on the shorter timeframes, The bullish target of this pattern is also around the golden pocket (0.618), so an extra comfirmation to short it.
more comfirmations are another Lower high on the 2/4 hourly and the rejection point (supply) at $320.
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