BNB has been consolidating and has formed an ascending triangle (higher lows) which is a bullish pattern.
Moreover, we have weathered this last BTC correction (my BTC idea linked below) without much impact on BNB price which has hovered around the $500 area... all these things are signs of strength which means continuation in price gains is likely.
Indicators on daily are turning bullish and a break of this triangle will lead to BNB exploding higher and fast! Bias remains very bullish on BNB and I will not be satisfied until BNB reaches at least $1,000. From there onwards one has to be careful as I think a top above $1,000 is possible.
A buy upon breakout is a good entry with a nice risk/reward ratio. As such, best to be patient. Buying now is a bit meh.
Enjoy the ride!
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Moreover, we have weathered this last BTC correction (my BTC idea linked below) without much impact on BNB price which has hovered around the $500 area... all these things are signs of strength which means continuation in price gains is likely.
Indicators on daily are turning bullish and a break of this triangle will lead to BNB exploding higher and fast! Bias remains very bullish on BNB and I will not be satisfied until BNB reaches at least $1,000. From there onwards one has to be careful as I think a top above $1,000 is possible.
A buy upon breakout is a good entry with a nice risk/reward ratio. As such, best to be patient. Buying now is a bit meh.
Enjoy the ride!
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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Disclaimer
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
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.