Interesting times ahead for BNB
Updated
I've been following this for a few days now, BNB seems to be trading in a textbook ascending triangle.
Volume has been diminishing the further it gets along the triangle.
Volume also picks up a bit on the moves up.
RSI not overbought, starting a nice slope up.
Candlesticks printed three white soldiers, so a bullish pattern.
Furthermore it has been in an uptrend for a few weeks now and it has good fundamentals behind it.
So if volume picks up on the breakout, then a move to the 18 Dollar range wouldn't surprise me.
I'm not a financial adviser, I will not take any accountability for any losses on your behalf.
Otherwise, happy hunting.
AndyN
Volume has been diminishing the further it gets along the triangle.
Volume also picks up a bit on the moves up.
RSI not overbought, starting a nice slope up.
Candlesticks printed three white soldiers, so a bullish pattern.
Furthermore it has been in an uptrend for a few weeks now and it has good fundamentals behind it.
So if volume picks up on the breakout, then a move to the 18 Dollar range wouldn't surprise me.
I'm not a financial adviser, I will not take any accountability for any losses on your behalf.
Otherwise, happy hunting.
AndyN
Comment
Ok, so here it is, decision time.Volume on the daily still seems ok, RSI not overbought.
On the 4H the RSI is nearly creeping up to the point where the last rejection happened. Volume is also slowing down a bit, but if it break $14 then I'm really expecting a surge in volume.
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