BNBUSDT | ABC Pattern - Pullback Entry & Target Mega Bullflag
Updated
A bullish scenario for long-term view after a confirmed descending triangle breakout with a potential pullback entry position targeting ABC pattern at 100% - 161.8% Fib extension upper resistance of the mega bull flag.
S1/S2: pullback descending triangle support / ema20w zone
T1: 100% fib extension +50%
T2: 161.8% +90%
Indicator: RSI week - tapping into OB area with no sign of bearish divergence.
S1/S2: pullback descending triangle support / ema20w zone
T1: 100% fib extension +50%
T2: 161.8% +90%
Indicator: RSI week - tapping into OB area with no sign of bearish divergence.
Trade closed: target reached
T2 reached mega bull flag resistance - possible liquidity zone locked some profit
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