BNB Pullback starts now!
Hello, good evening to all!
Here we go again on another analysis after scanning the crypto. This time, let's talk about BNB. In this analysis, we start by marking the trend line on the H4 chart and we see that there's a trend reversal in a clear head and shoulder pattern from uptrend to downtrend. Now that we're seeing downtrend - I also noticed that after going to H1 chart, it formed a double bottom. Based on my recent study, this is an indicator that the price will go up - it supports the H4 chart since after going down, it stopped for a pullback.
Not a 100% accurate but we should be expecting the pullback will go to the level of resistance from the previous support and will either go down further. That's it from my analysis.
Note: This is not a signal. This is just an application based on the analysis that I learned and testing it out. Share your ideas, and suggestions by commenting below to help me improve my trading analysis. Thank you!
Here we go again on another analysis after scanning the crypto. This time, let's talk about BNB. In this analysis, we start by marking the trend line on the H4 chart and we see that there's a trend reversal in a clear head and shoulder pattern from uptrend to downtrend. Now that we're seeing downtrend - I also noticed that after going to H1 chart, it formed a double bottom. Based on my recent study, this is an indicator that the price will go up - it supports the H4 chart since after going down, it stopped for a pullback.
Not a 100% accurate but we should be expecting the pullback will go to the level of resistance from the previous support and will either go down further. That's it from my analysis.
Note: This is not a signal. This is just an application based on the analysis that I learned and testing it out. Share your ideas, and suggestions by commenting below to help me improve my trading analysis. Thank you!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.