BNBBTC: DESCENDING CHANNEL
Hello friends,
We can see Binance Coin in a DESCENDING CHANNEL, It is a bearish sign right now (lower lows and lower highs). We can see that the support that was at 17319 sats was broken and now it's acting as a resistance.
I would be bullish if we see a breakout of the descending channel and we break the first resistance. In case we don't i see a very possible BOUNCE at the 16297 sats support.
PS: Bearish short-term, Bullish long-term.
- THIS IS NOT FINANCIAL ADVICE -
We can see Binance Coin in a DESCENDING CHANNEL, It is a bearish sign right now (lower lows and lower highs). We can see that the support that was at 17319 sats was broken and now it's acting as a resistance.
I would be bullish if we see a breakout of the descending channel and we break the first resistance. In case we don't i see a very possible BOUNCE at the 16297 sats support.
PS: Bearish short-term, Bullish long-term.
- THIS IS NOT FINANCIAL ADVICE -
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