#cycle base

The post BNB Tests 8-Year Support as RSI Turns Oversold appeared on BitcoinEthereumNews.com. BNB returns to an eight-year support line as traders watch RSI, $706-$708 support, and a major cycle base test. BNB has returned to a long-term support line that traders have tracked since 2017. The move has placed Binance Coin back near a key market structure, while short-term price action remains weak on the daily chart. BNB Tests Long-Term Market Structure BNB is being analysed after returning to an eight-year support line. Market analysts see the area as part of the asset’s wider cycle structure. The support line has appeared during several past market resets. These include the 2018 cycle bottom, the Covid market reset, and the 2022 to 2023 bottom zone. BNB RETURNED TO THE LINE THAT NEVER DIED This 8 year support line is the spine of the BNB cycle. Since 2017, weekly RSI has reached the oversold zone only 5 times. That is why this chart matters. 2018 cycle bottom.Covid reset.2022–2023 botto

BNB returns to an eight-year support line as traders watch RSI, $706-$708 support, and a major cycle base test. BNB has returned to a long-term support line that traders have tracked since 2017. The move has placed Binance Coin back near a key market structure, while short-term price action remains weak on the daily chart. […] The post BNB Returns To Eight Year Support Line As Traders Watch Major Cycle Base Test appeared first on Live Bitcoin News.