Binance Coin (BNB): Looking For A Downward Movement Here!

Aug 19

Binance Coin is back in-between EMAs while being below the major resistance zone on the daily timeframe.

We are looking for a nice rejection to happen from the current market price up until the resistance zone so we are waiting for any signs of rejection for now, which would give us a good movement!

Swallow Team

Aug 20

Note

Binance coin has reached the resistance zone where we are looking to see a good rejection, which would result in another movement below 200EMA.

Now we are looking for a weakener to kick in near this zone, which would start the movement 😉

Aug 21

Note

Binance Coin is showing good signs of weakness after touching that upper resistance zone.

We are now looking for a price to close below the resistance, which would start a possible movement to lower zones!

Sep 19

Note

Binance coin did a nice rejection from our resistance zone, leading to a nice downward movement of 20%. After forming a smaller liquidity sweep price had a turning point and now is back near our resistance zone!