BNB ANALYSIS (EXPECT SUPPORT TO HOLD!)
BNB ANALYSIS:
BNB hit a local support and has been rising on a small uptrend. Though, the volume has been a bit stagnant. I expect the uptrend to break a fall below the 50 & 100 MA to come into play as BNB dips back to support at .0022. While 200MA sits at .00215 this point is not as likely to be hit. The local support at .0022 should hold and a new attempt to break daily resistance is incoming. The take profit points along the way are T1 at .00238 and T2 at .00246. I would recommend to move stop loss up along the way, rather than close position, as the next hit to daily resistance could very well be broken will a rise above this block zone.
Possible Entries: .0022
BNB hit a local support and has been rising on a small uptrend. Though, the volume has been a bit stagnant. I expect the uptrend to break a fall below the 50 & 100 MA to come into play as BNB dips back to support at .0022. While 200MA sits at .00215 this point is not as likely to be hit. The local support at .0022 should hold and a new attempt to break daily resistance is incoming. The take profit points along the way are T1 at .00238 and T2 at .00246. I would recommend to move stop loss up along the way, rather than close position, as the next hit to daily resistance could very well be broken will a rise above this block zone.
Possible Entries: .0022
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