Momentum Shift shows BNB is Primed and Ready for a big move!
Looking at the money flow index divergences on the daily chart, and considering the strength of the last crypto impulse relatively speaking, I see that BNB/USD is primed and ready for a massive move; likely to the upside.
If the crypto market enters a larger consolidation phase at a higher low, then breaks begins to form bullish price action on the smaller fractals within that consolidation, then I will become VERY bullish on BNB/USD.
Right now I think we need at least another 24 hours to decide if the retrace and /or price consolidation will happen this week or not.
Also, look at the very nice higher low!
Zoomed-in on the 6-hour, here is a potential long trade setup I'm thinking of placing if the market continues to agree with this happening
If the crypto market enters a larger consolidation phase at a higher low, then breaks begins to form bullish price action on the smaller fractals within that consolidation, then I will become VERY bullish on BNB/USD.
Right now I think we need at least another 24 hours to decide if the retrace and /or price consolidation will happen this week or not.
Also, look at the very nice higher low!
Zoomed-in on the 6-hour, here is a potential long trade setup I'm thinking of placing if the market continues to agree with this happening