BNB-4h. Buyers are preparing for the test $39.5.
For the second time in a month, the BNB market started fighting for the range of $33.4-34.3.
The first attempt of buyers on November 24 to break the day range ended with a fall in the price of BNB by 22%. It took buyers 25 days to organize a new breakdown attempt in this range. In the end, the BNB market is now a triangle under a critical range. The range of the triangle allows BNB prices to move in consolidation for another 3 days. Given that the mark $30.9 is under the control of buyers - the penetration of this triangle is more likely to go up. In this case, buyers will test the mark $39.5.
An alternative scenario is to break the triangle down and test the global trend line at $29.2.
_______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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The first attempt of buyers on November 24 to break the day range ended with a fall in the price of BNB by 22%. It took buyers 25 days to organize a new breakdown attempt in this range. In the end, the BNB market is now a triangle under a critical range. The range of the triangle allows BNB prices to move in consolidation for another 3 days. Given that the mark $30.9 is under the control of buyers - the penetration of this triangle is more likely to go up. In this case, buyers will test the mark $39.5.
An alternative scenario is to break the triangle down and test the global trend line at $29.2.
_______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
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