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BNBUSDT: Next 8-Day Candle Blue LSMA above Level 50? for BINANCE:BNBUSDT by WyckoffMode

Hi Everyone! The Blue LSMA in the 2-Day is finally making it above Level 50 along with the Red RSI to promote expansion of the B-Bands (As long as the Green EMA is going UP). Red RSI is currently above Level 50 in the 4-Day time frame. If the Red RSI closes above Level 50 in the 4-Day time frame, we know upward pressure will continue until the White Energy comes back down to Level 50 to trigger downward pressure. We also see potential for the Blue LSMA in the 8-Day time frame to rise above Level 50 to trigger expansion of the B-Bands and price action going UP with that expansion BEFORE the White Energy in the 4-Day can come down below Level 50 to trigger downward pressure. The odds are still quite high for upward pressure to continue for the Near, Mid and Long Term Group of time frames.

This publication is labeled a LONG position for the Near and Mid Terms because of what we are seeing fore the Near and Mid Term Groups of time frames. Yes, we may currently have downward pressure in the Short Term Group of time frames. However, I believe the Short Term downward pressure will remain in the Short Term Group and not advance up to the Near Term Group of time frames. My opinion of course… We’ll see…

Happy Trading and Stay Awesome!

David

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