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BNB to 235$
BNB/Tether
Short
BNB to 235$
By MarketObserverK
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May 13, 2024
7
May 13, 2024
In the previous bull market, BNB also experienced an upward trend.
However, it seems prudent to be cautious from now on.
This is because there is a possibility of a transition from a bullish trend to a bearish trend.
If we take a look at a longer-term chart, we can see a harmonic bearish bat pattern.
We can check if there's a good risk-reward setup on smaller timeframes and consider opening a position.
There is also a possibility of a 3-3-5 flat correction
Chart Patterns
Harmonic Patterns
Trend Analysis
MarketObserverK
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