ABNB is on a major support, we might see a reversal soon!!
Market Instrument: ABNB
Timeframe: D1
Analysis: Technical
Structure: Support and Trend Line
Prediction: Bullish
ABNB is on major support where we have seen a couple of strong bullish reversals formed. At the moment I have picked up a channel on the bearish trend formed and if we can find a good bullish reversal and a breakout on the trend line ( upper boundary ) created, then we might see a good bull ride to the upside close or above $175
Timeframe: D1
Analysis: Technical
Structure: Support and Trend Line
Prediction: Bullish
ABNB is on major support where we have seen a couple of strong bullish reversals formed. At the moment I have picked up a channel on the bearish trend formed and if we can find a good bullish reversal and a breakout on the trend line ( upper boundary ) created, then we might see a good bull ride to the upside close or above $175