Binance Coin Reset
2024-10-16

Here we can say we have a well defined flat top. It is easy to spot the different resistance levels. But we cannot say we have a flat bottom. It is hard to defined where exactly is the next main and strong support. At least based on recent action.

On the upper side, we can see the same resistance zone being challenged throughout the months, with some lower highs. But support is questionable.

➖ If prices move up, we know where to look up for resistance.
➖ If prices move down, anything goes.

What you saw happening once will be happening once more. It is called a reset. A reset is needed before we can enjoying a new cycle of growth.

Namaste.

