This analysis is kept simple by using the line chart.
You can say that the more a resistance level is challenged, the weaker it becomes, and this is true. Looking at BNBUSDT, we have a flat top working as resistance and while the pair has been trading very close to this resistance level, it is not being challenged.
After the June 2024 fake breakout, a bull-trap, the May 2024 high hasn't been challenged once and the March 2024 peak price also remained unchallenged.
Compared to late 2023 and early 2024, current trading volume is non-existent. This type of behavior tends to predict a price crash.
It is easy to keep it simple using the line chart, there is no noise just the price trend. It is easy to spot an uptrend (left side) followed by sideways (center). After sideways we can see a bearish impulse (right side) to complete the pattern that is being drawn on the chart.
There is an active trade for this pair, already green and the numbers are live (trading within entry range) if you want to join.
✴️ Binance Coin At Resistance, Medium-Risk 5X SHORT—246% Potential
The market always gives a second chance but it rarely gives a third. This is the last call before the crash.
Thanks a lot for your support.
Namaste.
You can say that the more a resistance level is challenged, the weaker it becomes, and this is true. Looking at BNBUSDT, we have a flat top working as resistance and while the pair has been trading very close to this resistance level, it is not being challenged.
After the June 2024 fake breakout, a bull-trap, the May 2024 high hasn't been challenged once and the March 2024 peak price also remained unchallenged.
Compared to late 2023 and early 2024, current trading volume is non-existent. This type of behavior tends to predict a price crash.
It is easy to keep it simple using the line chart, there is no noise just the price trend. It is easy to spot an uptrend (left side) followed by sideways (center). After sideways we can see a bearish impulse (right side) to complete the pattern that is being drawn on the chart.
There is an active trade for this pair, already green and the numbers are live (trading within entry range) if you want to join.
✴️ Binance Coin At Resistance, Medium-Risk 5X SHORT—246% Potential
The market always gives a second chance but it rarely gives a third. This is the last call before the crash.
Thanks a lot for your support.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。