BNB: A POTENTIAL MOVE TOWARDS THE UPSIDE
Hello folks, welcome to this quick BNB update.
Timeframe: 6 hours.
Update: BNB has been holding the supporting trendline quite well. This falling wedge pattern indicates a positive move in BNB. We may see BNB bouncing back but the upper resistance trendline at $286 could be an actual challenge.
On the negative side, we have the current lower support at $258 and until and unless BNB breaks this level, we may not see any negative results on BNB.
If you are long in BNB and your entry is close to the bottom support then you are good to go. Be careful of any negative impact on the market and the breakdown level.
I hope this update was helpful.
Trade safely, guys.
Timeframe: 6 hours.
Update: BNB has been holding the supporting trendline quite well. This falling wedge pattern indicates a positive move in BNB. We may see BNB bouncing back but the upper resistance trendline at $286 could be an actual challenge.
On the negative side, we have the current lower support at $258 and until and unless BNB breaks this level, we may not see any negative results on BNB.
If you are long in BNB and your entry is close to the bottom support then you are good to go. Be careful of any negative impact on the market and the breakdown level.
I hope this update was helpful.
Trade safely, guys.
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