BNB: Potential Bearish Direction Ahead
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BNB: Potential Bearish Direction Ahead
BNB has completed another bearish channel and appears poised to move down again. A stronger confirmation will occur if the price drops below $580.
If this happens, we may see the bearish momentum grow further. Considering the combination of patterns, if the price moves below $580, BNB could drop to $559 and $538 as normal support levels. As an extended movement, it could even reach $500.
However, let's take it one step at a time and see if it begins to move down first.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
BNB has completed another bearish channel and appears poised to move down again. A stronger confirmation will occur if the price drops below $580.
If this happens, we may see the bearish momentum grow further. Considering the combination of patterns, if the price moves below $580, BNB could drop to $559 and $538 as normal support levels. As an extended movement, it could even reach $500.
However, let's take it one step at a time and see if it begins to move down first.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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