BNB’s price is consolidating within an ABCDE triangle. On the chart, two clear trendlines can be drawn: the descending line with 4 touches and the ascending line with 5 touches, highlighting the importance of both.
If the descending trendline breaks, I’ll be looking for long positions, as the price would likely aim to set a new ATH. However, there’s still a chance of a drop within a standard ABC correction.
If the ascending trendline breaks, I’ll be opening short positions with a target in the 810–790 range
If the descending trendline breaks, I’ll be looking for long positions, as the price would likely aim to set a new ATH. However, there’s still a chance of a drop within a standard ABC correction.
If the ascending trendline breaks, I’ll be opening short positions with a target in the 810–790 range
Trade closed: target reached
Perfect — we quickly reached our target. I’ve closed 50% of the position and will watch how things develop. The next short-term target is $934.
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✅My Telegram
t.me/trading_mura
t.me/trading_mura
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.