BNBBTC H&S possibe Beakout
Welcome to this analysis about BINANCE COIN BITCOIN (BNBBTC). as you can see the chart BNBBTC has formed a Head-and-shoulders pattern, and recently it has broken the neckline price in this manner we are facing 2 possibilities. I strongly recommend before reading this analysis you see the recent analysis about BNBUSDT at tradingview
Successful break out of resistance
As I can see through my chart 3 powerful bullish points are here
1-breakout above the H&S neckline
2-successful retest of the broken level
3-Uptrend RSI
In that case if the trend be strong we are expecting to see higher prices and resistances, as you can see resistance levels after breakout are pointed in the chart.
Pull back to demand zone
And if the price action rejects the uptrend i will be lookin forward for BNBBTC formation of a new descending channel. if that happens i'll update the idea.
In this manner, thank you for watching my analysis about BINANCE and the important element on the global perspective that must be considered, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
Successful break out of resistance
As I can see through my chart 3 powerful bullish points are here
1-breakout above the H&S neckline
2-successful retest of the broken level
3-Uptrend RSI
In that case if the trend be strong we are expecting to see higher prices and resistances, as you can see resistance levels after breakout are pointed in the chart.
Pull back to demand zone
And if the price action rejects the uptrend i will be lookin forward for BNBBTC formation of a new descending channel. if that happens i'll update the idea.
In this manner, thank you for watching my analysis about BINANCE and the important element on the global perspective that must be considered, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.