🔥 BNB Bullish Triangle Break-Out

1 במרץ 2021

BNB is amazing us again with a break-out to the bullish side. Whereas the triangle is a classical bearish pattern, the break-out is a bullish one this time, helped by the strong reversal of Bitcoin. The price action of the current move is strong enough to potentially rival the previous ATH at $345. Risky, but doable.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!