bnb was looking bearish until CZs tweet twitter.com/cz_binan...s/973288415486558208 along with the binance chain announcement saw market participants fomo a big green dildo which whicked out on the kijun.
price was clinging onto horizontal support for dear life while cloud indicated a break down was likely. a test of the diagonal support looked imminent as we headed towards my buy zone.
instead we bounced out of the flag/FW on the news. Unless this daily closes full bodied and above the cloud i expect we full retrace to test former horizontal resistance as support first (which has nice confluence with the horizontal level) before deciding if we bounce and continue the run to ATH territory or break back down into the wedge.
price was clinging onto horizontal support for dear life while cloud indicated a break down was likely. a test of the diagonal support looked imminent as we headed towards my buy zone.
instead we bounced out of the flag/FW on the news. Unless this daily closes full bodied and above the cloud i expect we full retrace to test former horizontal resistance as support first (which has nice confluence with the horizontal level) before deciding if we bounce and continue the run to ATH territory or break back down into the wedge.