hi traders
The BNB/USDT chart is displaying a classic ascending triangle pattern, which typically signals a potential bullish breakout. This pattern has formed over the past year, characterized by a series of higher lows (shown by the rising red trendline) while repeatedly testing a strong horizontal resistance zone around $690–$730 (highlighted in green).
BNB is currently trading near the upper resistance boundary at $692.85, showing signs of bullish momentum. A successful breakout above the $730 resistance level could confirm the ascending triangle breakout and trigger a strong upside move.
Target & Potential Move:
Breakout target: ~ $950 - $1,000
Measured move: 40% from the breakout point, aligning with the height of the triangle
Summary:
Pattern: Ascending Triangle (bullish)
Breakout Confirmation Level: $730+
Potential Target: $1,000
If the breakout is confirmed with strong volume and momentum, BNB could rally sharply in the coming weeks. Traders should watch for confirmation before entering.
The BNB/USDT chart is displaying a classic ascending triangle pattern, which typically signals a potential bullish breakout. This pattern has formed over the past year, characterized by a series of higher lows (shown by the rising red trendline) while repeatedly testing a strong horizontal resistance zone around $690–$730 (highlighted in green).
BNB is currently trading near the upper resistance boundary at $692.85, showing signs of bullish momentum. A successful breakout above the $730 resistance level could confirm the ascending triangle breakout and trigger a strong upside move.
Target & Potential Move:
Breakout target: ~ $950 - $1,000
Measured move: 40% from the breakout point, aligning with the height of the triangle
Summary:
Pattern: Ascending Triangle (bullish)
Breakout Confirmation Level: $730+
Potential Target: $1,000
If the breakout is confirmed with strong volume and momentum, BNB could rally sharply in the coming weeks. Traders should watch for confirmation before entering.
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.