Binance Coin can continue to fall and reach support area
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Hello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price formed the seller zone 345-350, which retested and started a downward movement. Binance Coin dropped to level 315.5, tested it and went up. The price made a deep upward correction and approached the seller zone, but never tested it and continued to fall. Over time, Binance Coin created a downward wedge in which he traded for a long time. After retesting the resistance line of wedge, the price continued to fall and broke through the support level 315.5. After reaching support area 303-301, which coincide with the support line of wedge, Binance Coin retested it, began to grow, and broke through the resistance line of wedge. The price left the downward wedge and rose to the resistance level, from which it bounced and continued to fall. Binance Coin is currently trades over the support area, but could continue to fall and reach it. I think that the price can continue downward movement, in which case I decided to set the target in the zone 303-301. Please share this idea with your friends and click Boost 🚀
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.