(BNB) Growth potential analysis
Hello everyone !
Today the Black Cat Trader is analyzing BNB based on a weekly chart.
What we can see :
- BNB just broke its symmetrical triangle and did the pull back we were looking for to confirm our entry.
- Based on Ichimoku system, everything is fine except that we need to wait for the lagging span confirmation (still under the prices)
What we can expect :
If BNB manages to correctly bounce on the top of the triangle, with good and ascending volumes and the lagging span confirmed, then, we can fly to 1320$ or probably much more..
- Resistance : ATH = 692$
- Median line of the pitchfork
- Support 1 : Top of the triangle / Kijun
- Support 2 : EMA21 / Tenkan / SSA
- Support 3 : Bottom of the triangle / SSB
TAKE PROFIT 1 : 1320 $ (1.618)
TAKE PROFIT 2 : 2006 $ (2.618)
TAKE PROFIT 3 : 2691 $ (3.618)
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Today the Black Cat Trader is analyzing BNB based on a weekly chart.
What we can see :
- BNB just broke its symmetrical triangle and did the pull back we were looking for to confirm our entry.
- Based on Ichimoku system, everything is fine except that we need to wait for the lagging span confirmation (still under the prices)
What we can expect :
If BNB manages to correctly bounce on the top of the triangle, with good and ascending volumes and the lagging span confirmed, then, we can fly to 1320$ or probably much more..
- Resistance : ATH = 692$
- Median line of the pitchfork
- Support 1 : Top of the triangle / Kijun
- Support 2 : EMA21 / Tenkan / SSA
- Support 3 : Bottom of the triangle / SSB
TAKE PROFIT 1 : 1320 $ (1.618)
TAKE PROFIT 2 : 2006 $ (2.618)
TAKE PROFIT 3 : 2691 $ (3.618)
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
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