Hello Traders!
After retracement, BNB found support near $361 and began to consolidate in a narrow range of $361 - $404.
Momentum of sellers is gradually decreasing, and the trigger for the exit from the consolidation is a break-down of $430 level near which there is MA100 on the daily timeframe.
Short-term purchases can be considered in the range of $404 - $430. Closing the deal by a stop-loss should be reasonable if the price leaves under the price level of $332
The targets are the price levels of $563, $600, $652
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
After retracement, BNB found support near $361 and began to consolidate in a narrow range of $361 - $404.
Momentum of sellers is gradually decreasing, and the trigger for the exit from the consolidation is a break-down of $430 level near which there is MA100 on the daily timeframe.
Short-term purchases can be considered in the range of $404 - $430. Closing the deal by a stop-loss should be reasonable if the price leaves under the price level of $332
The targets are the price levels of $563, $600, $652
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice