BNBUSD is Trading into Rising Wedge
BNBUSD is in a range bound, and the beginning of an uptrend is expected.
As you can see the BNB after last drop to below $400 is formed Rising Wedge pattern and i think it could will continue move upward toward upper resistance trend line pattern at around $440 ~ $460 in the coming 2 weeks but before that There is a possibility of temporary retracement to the suggested support line around $390 ~ 395.0.
The RSI daily is at 54
SL= Break below $388
As you can see the BNB after last drop to below $400 is formed Rising Wedge pattern and i think it could will continue move upward toward upper resistance trend line pattern at around $440 ~ $460 in the coming 2 weeks but before that There is a possibility of temporary retracement to the suggested support line around $390 ~ 395.0.
The RSI daily is at 54
SL= Break below $388
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Related publications
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.