BNB ANALYSIS:
BNB is forming a strong right shoulder as it dips back into a major support area of interest. I do expect the buy volume to pick up heavily upon the touch back into this zone. Right now BNB is one red daily wick away from entering my ideal buy zone which is between $15-16. I recommend to stagger bids in this zone to dollar cost average. On the flip side, the future outlook is still positive. I expect the rally to bounce and run back towards T1 at 17.70, T2 at 19.50, and T3 at 20.45. RSI has taken a major hit not the daily chart and should bottom out near low $15 level, along with a drop in sell pressure should be coming very soon!
Possible Entries: $15-16
BNB is forming a strong right shoulder as it dips back into a major support area of interest. I do expect the buy volume to pick up heavily upon the touch back into this zone. Right now BNB is one red daily wick away from entering my ideal buy zone which is between $15-16. I recommend to stagger bids in this zone to dollar cost average. On the flip side, the future outlook is still positive. I expect the rally to bounce and run back towards T1 at 17.70, T2 at 19.50, and T3 at 20.45. RSI has taken a major hit not the daily chart and should bottom out near low $15 level, along with a drop in sell pressure should be coming very soon!
Possible Entries: $15-16
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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.