BNBUSDT On April 16, BNB breached the
338-
346 resistance zone and continued to rise, but the bulls are struggling to sustain the upward momentum. The bears are attempting to push the price back below the breakout level of 338, which could potentially trap aggressive bulls and trigger long liquidation, causing the BNB/USDT pair to fall to the 20-day EMA. To maintain the recovery, the bulls must fiercely defend this level.On the other hand, if the price bounces back from the current level and surpasses $350, it will signal that the bulls are in control. In this scenario, the pair may climb to
360 and then to 
400, but this level is expected to pose a strong resistance once again.Let me know what you think!
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Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.