Hello traders, BNB / USDT is in an upward phase with a return of buying volume on breakout of the medium term downtrend line and the rectangle (range).
It gave a buy signal it is not too late possibility of re-entry again on the pull back of the medium-term bearish trend line. An SMA cross is going to take place so we are told that a signal for the close tight buy.
We can also come up to it to do a pull back it may be a false signal the analysis is made in relation to the timming of the SMA. If the price reduction works then we will have a strong potential to go to the next resistance zone.
This is not investment advice but a customary recommendation. Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment on your ideas in the space dedicated to the description.
Hello, I do not understand why you qualified your post as SHORT in the title if you speak of upward phase and buy signal. Of course, we all know that this can be a false signal but for me, I would have qualified the post as BUY. Thanks for your answer
stephanelibatd
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@BoursePL, yes I put it short because its rest of the trading not of the investment