Binance Coin (BNB): Possible Break of Structure!

Jul 8Binance coin is having some kind of rejection from the upper resistance zone (white zone).

As we had our first small rejection, we will not consider it a full rejection as the candle is yet to be closed.

So here we are with two possible scenarios that we see:
The first would be where the price closes below resistance and moves for a break of the structure zone.
The second one would be where we break from the white zone and move towards major resistance + EMAs, where we will be looking for strong rejection!

Swallow Team

Jul 9

Comment

Binance Coin made a nice 5% markup movement but recovered quickly.

We had a demand for lower zones and they got filled but now we are back on upper zones looking for another re-test.

We are waiting to see other signs of weakness and once we get them, we will be looking for downward movement here!

Jul 10

Comment

Binance Coin is testing the upper resistance zone, where we are looking for a final confirmation rejection to happen.

We are not hurrying in here, as we might see some attempts at breakout but overall, if we see another nice rejection here, we should see some downward movement here!