BNB-BTC
Fancy a Cuppa?I'd better put the kettle on.
After a relatively successful Wedge, it's time to turn our attention to BNB's 4H Cup and Handle pattern.
C&H - This beauty is fully formed at is spiking as I write this, and with more information about Binance Chain and a BNB burn likely coming soon, now could be a great opportunity to buy in.
Targets - I've marked some previous ATHs - I'd love to see BNB smash my 14.2k target.
Trend Indicators - RSI has a support to fall back on, though with this pattern I doubt it'll be necessary.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like .
There you have it! Milk and sugar?
~Retro
BNB/USDT Update 22 Mar 18BNB seems to be making an (open ? - I really can't grip the word right now) triangle formation WHILE also trying to break the 11$ .
Well, that's at least what it was trying to do before the Bitcoin Shakeuk which happned while I was writing this. So I guess it will stay in this triangle for a bit more.
Showing Strong Support on 10 USDT and 10.3 USDT. If those break, STRONG SUPPORT on 9.6 $ (Thanks Bitcoin...)
There are two critical areas in my opinion. If it managed to breach one of them, the open triangle trend might change and Elliot abcde might fail.
I can't really do better than this right now - I'm on a 14'' screen for a long time.
This is what I'm seeing at the time of writing this. Things probably will change if BTC makes another dive - adapt your trades accordingly.
BNB about to explode! (possible +100% profit)BNB has been going through a lot lately and now since it's cooling down a bit we can see a bullish rectangle forming. If it breaks the resistance line that's when you buy. If it doesn't and breaks the support line, wait and then if you see it falling off a lot then sell. The chances of it falling down are very small but it could still happen.