BNB.USDT (Y21.P2.E4).Symmetrical Triangle setup
Hi All,
BNB has regained the important levels above the daily 10 and 20 ema's so it might have that momentum to the apex of this triangle for an upward move.
Looking at the daily, it has a neutral stance with its moment.
So one must be cautious as this is equivalent to the all time high, and this formation is not in bullish trend somewhere in the middle of an upward bullish trend but at the top of it, so it takes away justified trading business case.
If you where to ask me, its all dependent on what BTC does in the next few days.
All the best,
S.SAri
Daily chart
s3.tradingview.com/snapshots/b/bQ8IE1Sp.png
BNB has regained the important levels above the daily 10 and 20 ema's so it might have that momentum to the apex of this triangle for an upward move.
Looking at the daily, it has a neutral stance with its moment.
So one must be cautious as this is equivalent to the all time high, and this formation is not in bullish trend somewhere in the middle of an upward bullish trend but at the top of it, so it takes away justified trading business case.
If you where to ask me, its all dependent on what BTC does in the next few days.
All the best,
S.SAri
Daily chart
s3.tradingview.com/snapshots/b/bQ8IE1Sp.png
Note
treat it like a break out trades3.tradingview.com/snapshots/t/TcHh2Rvf.png
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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