Update: BNB out performance or embracing doom?
Welcome traders!
I mentioned maybe 3 posts ago,
BNBUSDT
is at a time where it could be outperforming the market significantly. That became apparent in the character of the sell-off and BNB's recovery. RUNE
BEPswap is going live and BNB is super liquid right now
Check out the post below if you'd like to get caught up with the Price Action (PA) analysis:
Now following the previous posts's logic, we have made a clear recovery and are poised to break higher. BUT,
we're still not out of the woods. As I have outlined on the chart, we need to confirm a close ABOVE the previous significant selling level (red ribbon)
I'll keep you folks updated as price action unfolds!
Please don't forget to like and follow the analysis, your support means a lot :)
I mentioned maybe 3 posts ago,
BNBUSDT
is at a time where it could be outperforming the market significantly. That became apparent in the character of the sell-off and BNB's recovery. RUNE BEPswap is going live and BNB is super liquid right now
Check out the post below if you'd like to get caught up with the Price Action (PA) analysis:
Now following the previous posts's logic, we have made a clear recovery and are poised to break higher. BUT,
we're still not out of the woods. As I have outlined on the chart, we need to confirm a close ABOVE the previous significant selling level (red ribbon)
I'll keep you folks updated as price action unfolds!
Please don't forget to like and follow the analysis, your support means a lot :)
