BNB forming resistance

5 Jun

Greetings! there is a resistance forming between 704 and the highest value registered this week. In case of consolidation, this levels could trigger a retracement to the lower levels depicted in red. There is an interesting range formed from 637 to 622 in which buy limit orders could be placed in case that the price gets a rejection here. This forecast gets invalidated if the price breaks the current HH. Also the accumulation range depicted here from 620 to 598 is going to be useful later in case that the price breaks down below 632.