BNBUSDT Range Low| 200 MA| Price Action Trend
Evening Traders,
Today’s analysis – BNBUSDT – trading above its respected 200 MA with further upside potential,
Points to consider,
- Price Action impulsive
- Range Low Support
- Range High Resistance
- Oscillators bullish control zone
BNBUSDT’s immediate price action is trading at a ey trade location that has technical confluence with range low and 200 MA, this allows for a bullish bias.
The immediate objective is range high; exceeding this level will increase the probability of a trend continuation.
Both oscillators are trading in there bullish control zones, remaining in these regions is indicative os stored momentum.
Overall, in my opinion, BNBUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
Today’s analysis – BNBUSDT – trading above its respected 200 MA with further upside potential,
Points to consider,
- Price Action impulsive
- Range Low Support
- Range High Resistance
- Oscillators bullish control zone
BNBUSDT’s immediate price action is trading at a ey trade location that has technical confluence with range low and 200 MA, this allows for a bullish bias.
The immediate objective is range high; exceeding this level will increase the probability of a trend continuation.
Both oscillators are trading in there bullish control zones, remaining in these regions is indicative os stored momentum.
Overall, in my opinion, BNBUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee