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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.

Speculative opportunity at short term: - BNB is on a bull channel - Dropped today failing to pass $350 (expected as uptrend was exponential) - Correction at $325 (support holding) - Bollinger bend broken from the bottom Buy opportunity at 330 or below: - Long safe 'R1' at 345 - Long risky 'R6' at 365 (if $350 is broken) Caution, BNB is at Binance news exposure.

BNB heavily subjected to news in the short term. The market is testing itself. For any trade position, keep in mid 2 safety resistance: - $317: week - $290: strong Testing the 337-345 has failed in the last couple of weeks. Yet we can see in the slow fall a potential bearish trend in line with the former push: - If this trend is broken (green line) BNB would likely test 317 and 290 areas. - If it follow the green line as bottom and breaks the top downtrend (top red line) BNB will go again testing the 333, 337, 345 areas. The uptrend to 350 was not sustainable anyway, the slow downtrend could well be healthy. Watch the news on BTC and BNB, lots happening recently, market is tense. My assumption: 317 likely to fails, if so, short above 310 and buy/buy back at 290.

Contraction in triangle shape over the last few days channeled between $337 lower and $345 higher, with a 5 wave ascending pattern. If BNB breaks out the triangle over the $345, next targets are in the range of $360 and $450 resistance areas.Lower triangle broken. This can be a signal to short term correction towards lower resistance level at about $317.