BNB/USD - Get ready for a breakout! Price EXPLOSION incoming! 🚀

26 באפר׳ 2021

BNB has been consolidating and has formed an ascending triangle (higher lows) which is a bullish pattern.

Moreover, we have weathered this last BTC correction (my BTC idea linked below) without much impact on BNB price which has hovered around the $500 area... all these things are signs of strength which means continuation in price gains is likely.

Indicators on daily are turning bullish and a break of this triangle will lead to BNB exploding higher and fast! Bias remains very bullish on BNB and I will not be satisfied until BNB reaches at least $1,000. From there onwards one has to be careful as I think a top above $1,000 is possible.

A buy upon breakout is a good entry with a nice risk/reward ratio. As such, best to be patient. Buying now is a bit meh.

Enjoy the ride!

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