BNB cryptocurrency analysis based on Price Action. As you can see, I have identified four important zones in the price chart of this currency and there are currently two scenarios, the first scenario is the return of the price from the current area and its ascent to the higher area , ie the price area of 438 and then 660 ( if weekly candle would be close top of this zone ), and the second scenario Breaking this area down and falling the price to the lower area means the price is around 222, which in my opinion is less likely because the current area has high power maybe we will see some reversal patterns like double or triple bottom in coming days !
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Hello traders as I explained it seems that the first scenario was happened and price is near our first target 438 !
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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.