Binance Coin - Approaching a buy area
Hi everyone,
As you can see, the trend line, that was very well respected for some time, was broken and almost almost touched it back during the pullback. I think the move can continue a little bit more (The MACD is showing lack of strenth from bulls) and also think the 0.28-0.31 range can find a really good support. That range is highlighted in turquoise and as it is very wide I have pointed 3 levels. So it is up to the risk you want to take. Personally, I am buying the 3 levels if that happens, because I think the price projection for BNB is bullish.
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
As you can see, the trend line, that was very well respected for some time, was broken and almost almost touched it back during the pullback. I think the move can continue a little bit more (The MACD is showing lack of strenth from bulls) and also think the 0.28-0.31 range can find a really good support. That range is highlighted in turquoise and as it is very wide I have pointed 3 levels. So it is up to the risk you want to take. Personally, I am buying the 3 levels if that happens, because I think the price projection for BNB is bullish.
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
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.