BNBUSD - ANOTHER GOOD OPPORTUNITY 18/3/2021
BNBUSD
Price has broken from the falling wedge, now is forming a big symmetrical triangle, expecting the resistance trend line to break
Reasons to be bullish
1) 4 hours MACD green
2) 4 hours RSI and daily above 50
3) Supported by the ascending channel support line
4) Forming a bullish symmetrical triangle
5) Above all MA on 4 hours TF
Next target after breakout will be USD 320-335 at the ascending channel resistance.
Current price USD 274
Price has broken from the falling wedge, now is forming a big symmetrical triangle, expecting the resistance trend line to break
Reasons to be bullish
1) 4 hours MACD green
2) 4 hours RSI and daily above 50
3) Supported by the ascending channel support line
4) Forming a bullish symmetrical triangle
5) Above all MA on 4 hours TF
Next target after breakout will be USD 320-335 at the ascending channel resistance.
Current price USD 274
Note
Broken out from the descending triangle, expecting to hit target soon.
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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.