BNB short term bullish
Updated
BNB/USDT
We can see the price accumulated in the support area and bounced directly to the descending trend line. At first, it got rejected but in the second try, the breakout was confirmed. After the retest, the price jumped over the $0.243 resistance which confirmed the bullish pattern.
Price is going towards $0.2719 where we would have another minor setback to test the moving average I predict and a big leg up.
Watch the $0.284 for some sell pressure. The main target is put at $0.314
Invest with your own risk
Trades by Sheriff
We can see the price accumulated in the support area and bounced directly to the descending trend line. At first, it got rejected but in the second try, the breakout was confirmed. After the retest, the price jumped over the $0.243 resistance which confirmed the bullish pattern.
Price is going towards $0.2719 where we would have another minor setback to test the moving average I predict and a big leg up.
Watch the $0.284 for some sell pressure. The main target is put at $0.314
Invest with your own risk
Trades by Sheriff
Note
The approx level of MA50 "dotted line" was retested again and from there it went straight up! Bounce exactly from the top dotted line where I indicated some selling pressure. Sold half of the bag there.
Expecting a retest of the previous resistance at 0.272 as a support and then another push to our main target. For now easy 10% profit already secured.
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