BNB looks good for a buy position the current zone shows every confluence of a buy setup, the current price as at the point of writing this post is at 240.0 there's a triangle trendline that's acting as support zone.
I will be using two timeframes to make my analysis on this post, BNB is really doing well though for some fundamental reasons it went down few days ago from 300.0 to 230 it rally for like two weeks hopefully we can get up from this zone.
BNB WEEKLY TO 4HR
here is the current price of BNB paired with USDT currently is pricing at 240.0 at the time of writing this post, technically on the WEEKLY timeframe there is a major trendline that we can swing from.
4hr view
On the 4hr is at the prison triangle 馃搻 waiting for expansion, though most times BNB do follow the major coins movement like btc but I am pretty sure this zone is going to hold and we are going to clear the highs of the 4hr. There's major liquidity that needs to be cleared.
We might clear the 260 level above then rally to 300 back if possible. My major bias is a buy bias from the current price level probably wait for candle stick rejection on 1hr timeframe look out for fundamental then add some other confluence for entry.
Disclaimer
I'm not a financial advicer kindly make your research before investing on my ideas from my contents thanks 馃挄馃槝
