BNB- possible double bottom setup
Hello everyone
After a red bar with a long shadow on weekly on BNBUSDT, now we have started the new week with another red one.On daily chart, we can see a long shadow that touched the weekly trend line and came back, which is a good thing and with the today's candle we can expect a double bottom, which can turn into a High 2 on a trading range and a good buy setup.
On the daily chart we also have the 400$ resistance which is more likely to break again tomorrow and 390$ support level and the weekly trend line.
I would wait for the next day's candle with a bull body to make sure of a reversal or bull trend or at least a weak bull channel.
P.S. : This is not a financial advice.
After a red bar with a long shadow on weekly on BNBUSDT, now we have started the new week with another red one.On daily chart, we can see a long shadow that touched the weekly trend line and came back, which is a good thing and with the today's candle we can expect a double bottom, which can turn into a High 2 on a trading range and a good buy setup.
On the daily chart we also have the 400$ resistance which is more likely to break again tomorrow and 390$ support level and the weekly trend line.
I would wait for the next day's candle with a bull body to make sure of a reversal or bull trend or at least a weak bull channel.
P.S. : This is not a financial advice.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.