BNB USDT 1H ANALYSIS
Hello guys.
In my opinion, BNB showing no sign of short-term upward movements. Lagging line positioning under the cloud. The same goes for price, K-line and T-line. However, we have a cloud-switch in front, showing low resistance. Cross of DTOsc shows rapid changes in momentum which is also another sign of emotional trading, originated from BTC price movements. Nevertheless, I will go short at the moment until I see some positive sign.
The 4H and daily charts showing undecided market, price penetrating into support zones. So, they can't be used for analysis right now. Also, from my point of view, neither fibo-methods or elliot-methods are useful now.
I'd be happy to see other traders opinion.
In my opinion, BNB showing no sign of short-term upward movements. Lagging line positioning under the cloud. The same goes for price, K-line and T-line. However, we have a cloud-switch in front, showing low resistance. Cross of DTOsc shows rapid changes in momentum which is also another sign of emotional trading, originated from BTC price movements. Nevertheless, I will go short at the moment until I see some positive sign.
The 4H and daily charts showing undecided market, price penetrating into support zones. So, they can't be used for analysis right now. Also, from my point of view, neither fibo-methods or elliot-methods are useful now.
I'd be happy to see other traders opinion.
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