CryptoCreekk
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BNB PRICE UPDATE
Coin Name: #BNB
Position: Short
In this 4-hour chart of Binance Coin (BNB/USDT) shows a descending triangle pattern, typically a bearish formation. Price is consolidating with lower highs (marked by the descending white trendline) and consistent support near $530. The yellow lines trace this repeated pattern. A potential breakdown is indicated with a projected move of -14.31%, targeting around $460 if support fails. RSI below shows momentum nearing the overbought supply zone, suggesting limited upside. If the price can't break above the trendline and RSI rejects from resistance, a downside move is likely. This pattern signals caution for bulls and opportunity for bears on breakdown.
In the 2-hour chart shows USDT Dominance trading within an ascending channel, indicating a gradual uptrend. The price is currently near the lower boundary of the channel, suggesting a potential bounce toward the upper resistance. The RSI is rebounding from the demand zone, hinting at renewed bullish momentum. If dominance rises, it could imply increasing market caution, as more traders move into stablecoins like USDT, potentially signaling bearish sentiment for altcoins.
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$BNB
For more insights and future signals, check out my Bio and tune into my Binance live stream for real-time analysis and updates!
Position: Short
In this 4-hour chart of Binance Coin (BNB/USDT) shows a descending triangle pattern, typically a bearish formation. Price is consolidating with lower highs (marked by the descending white trendline) and consistent support near $530. The yellow lines trace this repeated pattern. A potential breakdown is indicated with a projected move of -14.31%, targeting around $460 if support fails. RSI below shows momentum nearing the overbought supply zone, suggesting limited upside. If the price can't break above the trendline and RSI rejects from resistance, a downside move is likely. This pattern signals caution for bulls and opportunity for bears on breakdown.
In the 2-hour chart shows USDT Dominance trading within an ascending channel, indicating a gradual uptrend. The price is currently near the lower boundary of the channel, suggesting a potential bounce toward the upper resistance. The RSI is rebounding from the demand zone, hinting at renewed bullish momentum. If dominance rises, it could imply increasing market caution, as more traders move into stablecoins like USDT, potentially signaling bearish sentiment for altcoins.
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$BNB
For more insights and future signals, check out my Bio and tune into my Binance live stream for real-time analysis and updates!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.