$BNB/BTC 3D (Binance Margin) Rising wedge breakdown
Updated
Binance Coin broke down and lost 20EMA again, road to 200MA?!
RR= 1:2.6
P= +67.64%
L= -26.06%
RR= 1:2.6
P= +67.64%
L= -26.06%
Comment
Still under 20EMABinance Coin is holding support so far, we may see a bounce on that ascending TL first.
But a break-down would be bearish as hell and very harmful for all BSC tokens!
Trade active
Entry filledBinanceCoin is finaly hitting entry, trying to break-out but still expecting a rejection here!
Comment
Up to +29.13% from entry if we would have placed a TP1BinanceCoin went down in September then bounced back on 100EMA support.
Does not look bearish anymore, in fact it seems to be heading towards a new ATH!
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.