Hello Traders,
Thesis on BNBUSDT, flex zone approaching, equilibrium playing out...
Points to consider
- Overall daily trend is bullish
- Stoch is neutral
- RSI neutral
- Equilibrium is playing out on the 240 time frame, a breakout any direction is possible
- Volume declining, signalling a breakout
- Fib retracement to .618 acted as support, right now testing .5 Fibbonacci
BNB is in a position where it will breakout significantly in either direction, we currently have an established uptrend with multiple touches on the 240 time frame, a respect of the trend line will see us break up, however this needs to be confirmed with high volume...
What are your thoughts on BNB's next move ?
and remember,
The market can stay irrational longer than you can stay solvent - John Maynard Keynes
Thesis on BNBUSDT, flex zone approaching, equilibrium playing out...
Points to consider
- Overall daily trend is bullish
- Stoch is neutral
- RSI neutral
- Equilibrium is playing out on the 240 time frame, a breakout any direction is possible
- Volume declining, signalling a breakout
- Fib retracement to .618 acted as support, right now testing .5 Fibbonacci
BNB is in a position where it will breakout significantly in either direction, we currently have an established uptrend with multiple touches on the 240 time frame, a respect of the trend line will see us break up, however this needs to be confirmed with high volume...
What are your thoughts on BNB's next move ?
and remember,
The market can stay irrational longer than you can stay solvent - John Maynard Keynes