Testing Preliminary Support But Finding Resistance

BNBUSDT is finding a lot of resistance (supply) continuing to dump on each attempt it has made to push through Preliminary Support (Identified by the long red rectangle). Is it possible we could go to new highs much higher than $11.38? It's possible... Especially, if we're in the process of an "Up Thrust" on Phase B in a large Wyckoff Distribution Schematic. It would require another publication for me to cover basics of a "Distribution Schematic." It's my opinion we are only testing resistance once more before it's overcome by supply and we begin falling back down on March 2nd or 3rd; according to the Daily (24h) time frame.

Komentar:

As mentioned in previous publications; we COULD be working on an "Up Thrust" in Phase B of a Distribution Schematic. I'll follow-up with a video publication of this possibility a bit later with indicators...

Komentar:

Here's a link to an image of BNBUSDT "with" an image of a Wyckoff Distribution Schematic #1 for you to see what I'm talking about... i.imgur.com/OSgMkwL.png