BNBUSDT "Ascending Triangle" Analysis
Updated
BNBUSDT "Ascending Triangle" Analysis
The above chart of BNBUSDT laid out an Ascending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, BNBUSDT is in the range of Rs 270 $. If the pattern continues, the price of BNBUSDT might reach the resistance levels of Rs 348 $. If the trend reverses, then the price of BNBUSDT may fall to Rs 255 $
Trading Level ✅
Entry Point - 270 $
Stop Loss - 255 $ (Previous Swing Low)
Target - 348$
Happy Trading
The above chart of BNBUSDT laid out an Ascending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, BNBUSDT is in the range of Rs 270 $. If the pattern continues, the price of BNBUSDT might reach the resistance levels of Rs 348 $. If the trend reverses, then the price of BNBUSDT may fall to Rs 255 $
Trading Level ✅
Entry Point - 270 $
Stop Loss - 255 $ (Previous Swing Low)
Target - 348$
Happy Trading
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