Binance Coin / TetherUS
Long
Updated

this looks good

388
OK, for starting I've to say that if BTC keeps going down this pattern will be easily invalidated, current crypto situation is pretty unclear but with a bearish tendency so... set a stop loss!!!
However BNB is gradually splitting from BTC, so it tends to be less affected. Off course it's not immune from BTC dumps but I think that in the future it will take over ETH and will rival with BTC. If this happens it will be a good for cryptomarket, we need more "big" coins in order to stabilize the market and depowering BTC.

About the TA: looks like a bullish pennant is forming on BNB, use yellow dashed line as support and calibrate the stop loss accordingly. I think there isn't much to say about this pattern, it speaks for itself.

Good luck!
Note
BNB broke out as I said but just before I expected. The short-term target remains the same, timing is up to the market.

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