BNB has formed a strong uptrend (dashed line)
This line coincides with a bottom at the 0.786 fib
For this to occur again we must see another small dip, creating the double bottom then the bullish rejection following. I have shown this with a green bars pattern.
Downward channels can be drawn within relative bear markets
This line coincides with a bottom at the 0.786 fib
For this to occur again we must see another small dip, creating the double bottom then the bullish rejection following. I have shown this with a green bars pattern.
Downward channels can be drawn within relative bear markets
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Disclaimer
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.