EuroMotif

BNB.BTC at a Do-or Die moment: Binance Coin to survive the Fud?

BINANCE:BNBBTC   Binance Coin / Bitcoin
By now we have all heard about Binance restricting US trader access.
BNB and many Alts (especially LaunchPad tokens) took a nose-dive.
Now they are all coming back a bit but is it just a Dead Cat bounce?

Price has returned to the last big Impulse pushing downward.
We can see the clear relevance of the related zones and lines.
If it is to recover, it must fight the Impulse, even if rejected.

"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.

Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least the first approach if note more.



the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.