In this BNB idea, I used the growing channel, which I’ve been guiding for more than a month. The levels that served as support or resistance. Using them you can get a good profit. Between 17 and 17.7 you can see the liquidity zone which is indicated by a blue rectangle. There is also a past liquidity zone at the level of 16.4-16.7.
As you have already seen before, the price has been in the growing channel for more than a month, even after leaving it, it nevertheless returns to it. My analysis will be aimed at continuing the growth of value in this channel.
Now I see the following outcomes:
1. A slight decrease in the value of the support experienced 3 times, which we will probably experience 4 at the level of 17.7. After which the price will push away and go to level 19, there is a bright resistance. At that stage, there should be major purchases that will pull a higher price, so breaking through this level will not be difficult. After breaking through, buyers are likely to buy back at 21.
2. Buyers will be able to break through the support level of 17.7, after which the price will go to test support 16.5. At this stage there is a zone of past consolidation, which means there is an increased liquidity zone and large volumes. Having reached there, buyers buy the price up to the level of 17.7.
As you have already seen before, the price has been in the growing channel for more than a month, even after leaving it, it nevertheless returns to it. My analysis will be aimed at continuing the growth of value in this channel.
Now I see the following outcomes:
1. A slight decrease in the value of the support experienced 3 times, which we will probably experience 4 at the level of 17.7. After which the price will push away and go to level 19, there is a bright resistance. At that stage, there should be major purchases that will pull a higher price, so breaking through this level will not be difficult. After breaking through, buyers are likely to buy back at 21.
2. Buyers will be able to break through the support level of 17.7, after which the price will go to test support 16.5. At this stage there is a zone of past consolidation, which means there is an increased liquidity zone and large volumes. Having reached there, buyers buy the price up to the level of 17.7.
交易結束：目標達成
