BNB in the lead
Oct 30, 2022 7:22 PM
Good evening dudes and dudettes!
Here is another BNB analysis , following my last one, which o posted here in the forum. Yes it has been a while but let us see how it played out. Today is Bov 30 and this is the chart from 8pm
BNB on the moveAs you can see i did some analysis in the mid of October. But what can we expect now..
Remember the past and plan the future
Ok let`s do a deep dive.
- First of all we have borken the 300 USDT level, which is very good from the psychological persepective.
- Now we had seen a run over the weekend and in normal times we will see a retracement after a pump.
- Are there some signs that we are at the end of the rally? Let`s see
STOCH - BNB - ChannelsWhat we see is that now we are in a channel. See also the trendline, where the price has touched for at least 3 times (yellow dots in the bottom) . Then i added an trendline for the wicks and i have also 3 touchpoints.
Where will the price go?
BNB 4h Resis on the 1h chartAnd as you can see, if we look back into the past, we will see that the next area of resistance is about the 320 to the 330 zone... I will watch the cahrt today and for me i do not follow a pump and wait for a little retracement and a bullish reaction.
Then i will do the next steps. In the end this is no financial advise and only my typeof thinking. Cheer and good night and good luck
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