Big potential for BNB / USDT to buy on pullback 240
Hello traders, BNB / USDT may give a bearish signal before coming to test the bearish trendline.
The price is approaching a resistance zone that it will check to start selling again.
With the 19 day MA seems to want to cross the 38 day so a bearish signal is coming.
Strong breakdown potential as the channel increases the input exposure and reduces its channel low.
See how the price reacts on its next support before paying the possible pull back.
If there is no reaction he may dig below with the aim of reaching the uptrend line.
These are not investment advice but recommendations for use.
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I hope you enjoyed it.
Comment on your ideas in the space dedicated to the description.
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The price is approaching a resistance zone that it will check to start selling again.
With the 19 day MA seems to want to cross the 38 day so a bearish signal is coming.
Strong breakdown potential as the channel increases the input exposure and reduces its channel low.
See how the price reacts on its next support before paying the possible pull back.
If there is no reaction he may dig below with the aim of reaching the uptrend line.
These are not investment advice but recommendations for use.
Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment on your ideas in the space dedicated to the description.
Please LIKE & FOLLOW, thank you!
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.
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.