OMG, there is a bearish wedge on the BNB chart.
Updated
An upward wedge has formed on the BNB chart. Which statistically breaks downwards. It is also worth noting that the bulls' attempt to break the upper boundary of the wedge failed and there was a false breakdown.
According to the rules, the target of the figure = the height of the figure, in this case, it is 10%. In the case of a breakdown of the lower boundary of the wedge, there might be a good opportunity to sell. In the case of a false breakout of the 489$ level, there may be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
According to the rules, the target of the figure = the height of the figure, in this case, it is 10%. In the case of a breakdown of the lower boundary of the wedge, there might be a good opportunity to sell. In the case of a false breakout of the 489$ level, there may be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Note
Set a stop loss at the breakeven point Trade closed: target reached
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