BNB UPDATE: WILL IT RALLY ONCE AGAIN???Welcome folks to my new update on BNB. To analyze BNB, I am gonna use a higher time frame (3 days).
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Let's get back to the BNB update. The current scenario in a longer timeframe is critical. BNB is at the support right now and in the past, BNB has always respected this supporting trendline. According to the chart and the patterns, BNB should bounce from the current level but if the market is not in the favor of bulls then it is possible that BNB will break down instead of bounce back. It is hard to say whether BNB can easily break down below the supporting trendline which is more than a year old or break out to hit the resistance trendline once again.
To be honest, BNB should respect this trendline and must bounce back for a healthy move.
What do you think about BNB? Is it worth it to invest in this trade?
Share your views. I would love to read them.
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