BNBUSDT "Ascending Triangle" Analysis
BNBUSDT "Ascending Triangle" Analysis
The above chart of BNBUSDT laid out an Ascending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, BNBUSDT is in the range of Rs 270 $. If the pattern continues, the price of BNBUSDT might reach the resistance levels of Rs 348 $. If the trend reverses, then the price of BNBUSDT may fall to Rs 255 $
Trading Level ✅
Entry Point - 270 $
Stop Loss - 255 $ (Previous Swing Low)
Target - 348$
Happy Trading
The above chart of BNBUSDT laid out an Ascending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, BNBUSDT is in the range of Rs 270 $. If the pattern continues, the price of BNBUSDT might reach the resistance levels of Rs 348 $. If the trend reverses, then the price of BNBUSDT may fall to Rs 255 $
Trading Level ✅
Entry Point - 270 $
Stop Loss - 255 $ (Previous Swing Low)
Target - 348$
Happy Trading
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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.
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.