BNB on Timeframe
Oct 11, 2022 10:59 AM
Hi all!
Today or better last night ws a bloodbath. Again... should i say. But from a higher perspectice it looks like we are having a structure test again.
Take a look at the 4h BNB chart
BNB 4h chartWhat do we see?
- After a double top we had been on a rally.. unfortunately it was a rally down
- But there is still hoper. As youj can see the line of support was holing yesterday. And maybe will hold longer, who knows.
- I also marked some key areas or zones where the prive has bee in the past.
- And the STOCH is at the moment down and the blue line is crossing to the upside.
What to expect:
First all all, there could be another move down. If we loose the support then we see each other in a different zone which we have seen in mid september 22.
After an strong impuls down there is always a litte bid of a correction wave to the other side. But this could be short und weak, or it could be stronger.
May plan is simple. I wait until the next candle close, then i will see where we are.
Remember:
This is no financial advice, only my ideas and my gameplan. You please, do your own and stay healthy
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