BNB- possible double bottom setup
Hello everyone
After a red bar with a long shadow on weekly on BNBUSDT, now we have started the new week with another red one.On daily chart, we can see a long shadow that touched the weekly trend line and came back, which is a good thing and with the today's candle we can expect a double bottom, which can turn into a High 2 on a trading range and a good buy setup.
On the daily chart we also have the 400$ resistance which is more likely to break again tomorrow and 390$ support level and the weekly trend line.
I would wait for the next day's candle with a bull body to make sure of a reversal or bull trend or at least a weak bull channel.
P.S. : This is not a financial advice.
After a red bar with a long shadow on weekly on BNBUSDT, now we have started the new week with another red one.On daily chart, we can see a long shadow that touched the weekly trend line and came back, which is a good thing and with the today's candle we can expect a double bottom, which can turn into a High 2 on a trading range and a good buy setup.
On the daily chart we also have the 400$ resistance which is more likely to break again tomorrow and 390$ support level and the weekly trend line.
I would wait for the next day's candle with a bull body to make sure of a reversal or bull trend or at least a weak bull channel.
P.S. : This is not a financial advice.
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