Technical analysis by balaupre about Symbol BNB on 11/12/2023

After rapid bull (unsustainable) the trends slows down. It's positive for a longer bull market. Rapid upstream creates inevitably a lack of liquidity which in turn bring the market down. Here we can see: - resistance on 258 USD - multiple supports all indicating uptrend at a slower place Possible trade: entering on a break at 258 before end of November. Market to be watched, if the contraction continues with higher and higher support line, its a positive sign for another bullish wave. Be cautious, the overall market seems tens and likely to retrace in the 220-230 area rapidly if the contraction triangle fails.