BNB - At key support, will the rally continue?
BNB is currently trying to find support on the 50 DMA.
If this daily candle closes below the DMA we might see a possible decline to $340-350 as the SR flip zone is around that level.
If BNB does bounces from here and continues to rally to $900-1000, that move will likely be the last parabolic move short term then I expect BNB to top and drop back to the current levels we are in right now.
If this daily candle closes below the DMA we might see a possible decline to $340-350 as the SR flip zone is around that level.
If BNB does bounces from here and continues to rally to $900-1000, that move will likely be the last parabolic move short term then I expect BNB to top and drop back to the current levels we are in right now.
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.