Hello, community members welcome to this BNB/USDT daily chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see from the above-mentioned chart that BNB/USDT still trading inside the descending parallel channel pattern.
BNB/USDT bounced from the lower trend line support after leaving a huge wick which was almost 22%.
RSI also printed an oversold now it's 33.5% in the daily time frame.
Here we can see whenever RSI goes oversold BNB pumped upward almost 25% towards the middle trend line.
So, here I am expecting more green candles in the upcoming days.
INVALIDATION: candle close below the lower trend line support in the daily time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see from the above-mentioned chart that BNB/USDT still trading inside the descending parallel channel pattern.
BNB/USDT bounced from the lower trend line support after leaving a huge wick which was almost 22%.
RSI also printed an oversold now it's 33.5% in the daily time frame.
Here we can see whenever RSI goes oversold BNB pumped upward almost 25% towards the middle trend line.
So, here I am expecting more green candles in the upcoming days.
INVALIDATION: candle close below the lower trend line support in the daily time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
