Binance Coin / TetherUSUpdated Symmetrix triangle
Hi traders,
There is a symmetric triangle forming in BNB.
Possibility 1: BTC breaks up 42k resistance
Possibility 2: BTC bounces back from 42k resistance.
The volume is decreasing along the triangle. RSI is forming also symmetric triangle. Although the low volume bothers me, a position can be entered with a confirmation.
Stop loss level is just below the triangle line.
Stay Safe.
There is a symmetric triangle forming in BNB.
Possibility 1: BTC breaks up 42k resistance
Possibility 2: BTC bounces back from 42k resistance.
The volume is decreasing along the triangle. RSI is forming also symmetric triangle. Although the low volume bothers me, a position can be entered with a confirmation.
Stop loss level is just below the triangle line.
Stay Safe.
Trade active
We almost reacched the target. So, I did 50% of TP here. If it continues to fall, I will keep it. Otherwise, I may close all of it and search a price movement for LONG position.
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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.