$BNB has been boxed in since the Oct 29 flush.
The drop from $760 to a $680 wick broke the old $725–745 range, and since then BNB has just chopped between $698 and $722. It's around $705 now.
My read for this week (Nov 2–8):
- Daily close above $722 puts the old range back in play, and I'd watch $745–760.
- Lose $698 on a daily close and a retest of the $680 wick is likely.
Slight bearish lean while it sits under $722, since that old support hasn't been reclaimed. I'm wrong if bulls close above $722 and hold it.
#BNB #BNBChain #CryptoMarket #PriceAnalysis
NFA
The drop from $760 to a $680 wick broke the old $725–745 range, and since then BNB has just chopped between $698 and $722. It's around $705 now.
My read for this week (Nov 2–8):
- Daily close above $722 puts the old range back in play, and I'd watch $745–760.
- Lose $698 on a daily close and a retest of the $680 wick is likely.
Slight bearish lean while it sits under $722, since that old support hasn't been reclaimed. I'm wrong if bulls close above $722 and hold it.
#BNB #BNBChain #CryptoMarket #PriceAnalysis
NFA
