You are viewing a single comment's thread from:

RE: Binance Coin Retests Trend Line Support

in LeoFinance3 years ago

Muy buen analisis. Mi analisis es muy similar. Para mi el precio esta haciendo soporte en el 38.2% del Fibonacci, y dependiendo de hacia donde rompa el precio, buscaremos objetivos en los siguientes niveles Fibonacci. En mi opinion si el BNB rompe el soporte de los 196$, podriamos entrar en un mercado bajista. ¿Que opinas?

Very good analysis. My analysis is very similar. For me the price is making support at 38.2% of the Fibonacci, and depending on where the price breaks, we will look for targets at the next Fibonacci levels. In my opinion if the BNB breaks the support at $ 196, we could enter a bear market. What do you think?

Posted Using LeoFinance Beta

Sort:  

Thanks for running that through the translator for us. Much appreciated :)

My bias remains to the upside, simply because we're still in a higher time frame bullish trend.

If it does break to the downside however, I wouldn't immediately call it a bear market until the trend properly changes.

There's a lot of support just a little lower than the trend line on your chart which price would have to keep breaking through in order to properly change to a bearish trend.

Something that at this stage is probably less likely to happen than a breakout higher so I'll be playing for that instead.

Posted Using LeoFinance Beta