Seems like BNB have found support and is looking to get to the next level
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Note: The reason why I think the price will double all of a sudden is because of the upcoming March coin burn. If you take a look at the previous coin burns in October 2017 and January 2018. The priced increased by more than 100% so it might happen again.
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Looks like BNB might take a small correction to about $9.80 -$10.00 in the next hours
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If it breaks the trend line I'm thinking it will try to retest support at $7-7.50
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Seems like we are almost done with our correction and possibly heading back to $8.30 - 8.50
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Before we can get back to (close to $9) I think we will retest support one more time at $6.70- $7.00 by March 15... It all depends if we go above $8.50 in the next 5 days
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After Monday, I would wait for the 1 day candle to close on Wednesday and re-enter my position on Thursday after confirmation. It is possible to go down all the way to $5 if support breaks below $6.50 - 6.70
I don't mean to scare anybody but I have a bad feeling about this.... I hope I'm wrong. Any comments???
obengt
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Fixed the lines below too
obengt
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Wanted to share something I noticed and might be worth to take into consideration.. (Not saying it will happen but it has happened twice so just something to look for) I noticed that every time the green and red lines cross it breaks down.. Here is an image
I don't mean to scare anybody but I have a bad feeling about this.... I hope I'm wrong. Any comments???