🔥 BNB/USDT Multi Year Analysis: Possible Bearish Move Ahead

٧ فبراير ٢٠٢١

In my previous BNB post I was looking at the same chart as now. Only difference was that, a few days ago, there was more upside for BNB since it wasn't close to the upper resistance of the channel.

Now, things are different. After an explosion of bullish price action, we're currently seeing some consolidation after reaching the channel resistance. Over the years, this channel has proven to hold strong. If the resistance holds, we should prepare ourselves for a long term bearish period ahead.

Happy trading!