BNB Binance Coin, Ascending Triangle Breakout! Target $30+
Binance Coin BNBBTC has seen a huge rally as expected for the past few days, but today particularly. With the new listings on Binance and BNBBTC is listed in various exchanges, BNBBTC is clearly the dominant player in exchanges. Looking at the 4 hour chart, BNBBTC is showing clear patterns of a breakout from an #ascending Triangle. This usually appears during an upward trend and is regarded as a continuous bullish pattern. Even though BNBBTC ascending #triangle can be created as part of a reversal at the end of a downward trend, this most likely not the case for BNBBTC as it has gained support for the past few weeks. On Balance Volume & Price are both in an ascending pattern to support the price moves. We have yet to see how BTCUSD prices affects the overall market as there could be a possibility of price consolidation of $7300.
Targets for BNBBTC
1. 25000 stats
2. 30000 stats
I hope this helps.
Targets for BNBBTC
1. 25000 stats
2. 30000 stats
I hope this helps.
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.