🔥 BNB: Bearish Scenario After Re-test
Like most other crypto's, BNB is currently seeing a nice reversal after several weeks of trading bearish. However, the pain might not be over yet.
The dotted bullish trend line is going to be of key importance here. Most bearish case would be for a re-test of the trend line, but bouncing off from it and continuing the down trend. A bullish scenario would be for a weekly close above the trend line.
Since we're currently is a strong crypto down trend, the bearish option is more likely. Watch the trend line with care.
Happy trading!
The dotted bullish trend line is going to be of key importance here. Most bearish case would be for a re-test of the trend line, but bouncing off from it and continuing the down trend. A bullish scenario would be for a weekly close above the trend line.
Since we're currently is a strong crypto down trend, the bearish option is more likely. Watch the trend line with care.
Happy trading!
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