BNB has been forming a nicely sized bull pennant over the course of the past week.
And now we are at the completion of the formation and the tight squeeze.
It is rather comforting that BNB has remained relatively stable during the btc price volatility over the past day, and volume remains very strong and constant.
Hovering right along the ichi cloud and well above the 100 and 200 ema's.
A strong break and hold above 14,600 will signal bullish continuation. Wait for it before entry.
Aggressive traders can place their bids now with a tight SL at around 14,150 or so.
Tentative first target is 19,800.
Good luck.
And now we are at the completion of the formation and the tight squeeze.
It is rather comforting that BNB has remained relatively stable during the btc price volatility over the past day, and volume remains very strong and constant.
Hovering right along the ichi cloud and well above the 100 and 200 ema's.
A strong break and hold above 14,600 will signal bullish continuation. Wait for it before entry.
Aggressive traders can place their bids now with a tight SL at around 14,150 or so.
Tentative first target is 19,800.
Good luck.
Note
Alternate theory #2 (though I think more unlikely), is that this is a bullish descending triangle with the bottom range right at the 100ema, which would provide a nice potential buying opportunity for a bounce.
Pay attention either way.
Trade active
14600 resistance breached.Note
Congrats to all those that got in on the early signal and held.I know ya'll know what this is, right?
Stay tuned.
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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.