BNB/BTC near term Support Resistance Zones: Binance Coin watch

19 Mar 2019

Binance Coin has been on tear as we all know.
Wating for pullbacks has been a difficult task.
Here are some support and resistance zones.

Some zones are obvious from previous highs and lows.
Some zones are wide but I will fine tune as price moves.
EXACT reflections off zone boundaries are of great interest.

Chart Notes:
Drag PRICE scale DOWN to see more zones outside chart.
Drag the PRICE scale UP to reduce overlapping numbers.
Drag the TIME scale RIGHT for history and origin of fibs.

19 Mar 2019

Not

Perfect confirmations of the zones thus far. Fell from first resistance, right into first support

The support was pierced of course, but a close up shows decent buying in the zone and note the exact confirmation of top boundary However, that zone being pierced is not a good sign. Would have preferred similar bounce off TOP of zone, not after piercing the bottom.

.

22 Mar 2019

Not

As mentioned above, the second support was bound to be hit, and it was even that was pierced though, and the bounce so far is not impressive. Am preparing for next zone down as a good entry option.

.

22 Mar 2019

Not

Here we are, at the moment of truth reflect downward to continue retrace? or Cut through to new ATH?

.

23 Mar 2019

Not

Took some effort but BNB has worked itself out of the support-turned-resistance band. looks like new ATH is inbound.

23 Mar 2019

Not

Zoomed in on that support zone around 38111 as it bounces within, breaks out, and retests from above wow, Fibs dont Lie. (since that zone was derived from a confluence of fibs)

.