Negative Signals and Potential Support Levels

During the past week, BNB experienced a lack of demand and faced significant negative reactions when it reached the resistance range of $248-254, specifically at the daily 0 Fibonacci level. This break in the short-term upward trend line indicates a negative signal for a potential decrease, suggesting a return to the support level at the bottom of the channel. As a result, there is a likelihood that Binance Coin may face selling pressure, leading to a retest of the support range around $224 (at the daily 1 Fibonacci level). Considering the downward trend in the daily timeframe, there is also a possibility that the price may break the bottom of the channel and reach the precise support level at $206. Until we witness a strong rebound and a breakthrough above the upper limit of the range channel, it is unlikely to expect a bullish mid-term trend.

MonoCoinSignal

Join the free Telegram channel

💎 Telegram Channel: t.me/MonoCoin_Public

🔔 Bot: t.me/MonoCoinSignal_Bot?start=starter_tv

🌐 Website: MonoCoin.net

⭐️ 5-Star TrustPilot: trustpilot.com/review/monocoin.net

免责声明

这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。

MonoCoinSignal