We are still in position to capitalize on the anticipated movement in binance. the market is still in a uptrend the whole gist of the momentum of this market is still one of higher price.
The market still go high to our ascending line. if the market is still high we still the market come in and prop up that price on our ascending line because generally the market is still strong.
I'm not really too concerned that the market is going to collapse in binance. we can possibly expect some high to come through for this cryptocurrency at least to the point. where we see the market trap come in and try to test that price on our ascended line spread out the time frames.
What's going on in the market in binance on varying different time frames this is the time frame into the market in binance and generally the market has seen a lot of selling you know around those couple of day price bars that i'm circling the market did see some high and it hasn't been reactionary towards it .
Because the market is still able to hold price what that tells us is that this market in binance really wants to hold this price around 647 is really important for the market in binance to maintain because if we break that there's no doubt in my mind that will come and this market try to test this next area of support.
Which is around 690 $ even on that line we switch over to a longer out time frame we need to pay attention if the probability in the market in binance is definitely there for it to break 700 dollars.
The market has given us some strong it's not overly that strong but it is definitely losing its momentum to continue to see that strength look at this on the five day.
You see majority of consecutive price bars that's giving us weakness you need to expect that the market is switching size from you know the one that was given a strength initially to one of us lowering out that price.