BNB Consolidating Inside a Triangle Patter, Bulls in Control
Price Analysis:
The price is developing a triangle pattern which is showing the possibility for a bigger bullish movement.
In the 4-hour chart the price faces a strong resistance near 590 but after this bullish accumulation, we should see BNB resuming the bullish trend again.
For this reason, we have to wait for the price to break out of the triangle shown on the 60 min chart.
BNB may rise to 612 and 635 after the bullish breakout.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Price Analysis:
The price is developing a triangle pattern which is showing the possibility for a bigger bullish movement.
In the 4-hour chart the price faces a strong resistance near 590 but after this bullish accumulation, we should see BNB resuming the bullish trend again.
For this reason, we have to wait for the price to break out of the triangle shown on the 60 min chart.
BNB may rise to 612 and 635 after the bullish breakout.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
Note
Near to the first target...You can take partial profits if you want :)
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.