hello everyone
In the past month we had the BNBUSDT covering a lot of the chart, we had a bull market (Mar 15-Mar 30), then a reversal pattern with the indication of divergence on RSI(Mar 30- Apr 04),then we had a hanging man candle to tell us the obvious downtrend happening on April 05.But anyway, Now we have a possibility of a bull flag on daily chart. As we all know a trend line with 2 leg's down is a weak one,So ,I expect to see another small down trend on lower time frames until the price hit the trend line.
Our possible ideal down trend will break the 420$ support level, touches the 410$ make a shadow there and goes back up.
key support level the weekly trend line( black one) & 390$(on daily)
key resistance level 440$ (on daily)
In the past month we had the BNBUSDT covering a lot of the chart, we had a bull market (Mar 15-Mar 30), then a reversal pattern with the indication of divergence on RSI(Mar 30- Apr 04),then we had a hanging man candle to tell us the obvious downtrend happening on April 05.But anyway, Now we have a possibility of a bull flag on daily chart. As we all know a trend line with 2 leg's down is a weak one,So ,I expect to see another small down trend on lower time frames until the price hit the trend line.
Our possible ideal down trend will break the 420$ support level, touches the 410$ make a shadow there and goes back up.
key support level the weekly trend line( black one) & 390$(on daily)
key resistance level 440$ (on daily)