Thesis on BNBUSDT, flex zone approaching, equilibrium playing out...
Points to consider - Overall daily trend is bullish - Stoch is neutral - RSI neutral - Equilibrium is playing out on the 240 time frame, a breakout any direction is possible - Volume declining, signalling a breakout - Fib retracement to .618 acted as support, right now testing .5 Fibbonacci
BNB is in a position where it will breakout significantly in either direction, we currently have an established uptrend with multiple touches on the 240 time frame, a respect of the trend line will see us break up, however this needs to be confirmed with high volume...
What are your thoughts on BNB's next move ?
and remember,
The market can stay irrational longer than you can stay solvent - John Maynard Keynes
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