* BNB in 1H time frame forms a Rising wedge pattern.
* Rising wedge occurs when the price moves between two trend-line forming higher-highs and higher-lows. The lower trend-line works as support for the price and the upper trend-line as resistance.
* Rising Wedge appears with a wide bottom and as price move up it becomes narrow.
* If the price breaks the lower trend-line ( support ) we can expect a move till $432. BNB is bullish within the pattern or if it breaks the upper trend-line.
* Rising wedge occurs when the price moves between two trend-line forming higher-highs and higher-lows. The lower trend-line works as support for the price and the upper trend-line as resistance.
* Rising Wedge appears with a wide bottom and as price move up it becomes narrow.
* If the price breaks the lower trend-line ( support ) we can expect a move till $432. BNB is bullish within the pattern or if it breaks the upper trend-line.
Note
First TP hit
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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.