BNB (Y20.P2.E1).Looking for clues

Hi All,

Another good reliable ALT coin is Binance's BNB.
I thought I have a look at how this utility coin is doing as it might shed light on BTC potential move and look for confluences over time.

As you can see, it too is at the bottom macro trend line.
I applied the possible triangle formation for either bullish or bearish and it seems we will have a bounce here which can give some relief.

As I stated in my previous post, I am just going to sit back and watch until I see reason to enter for a quick short. Mind you, I'm still holding on the LINK and ETH to go long, until my threshold is breached.


The WEEKLY chart it shows previously that we spent a few weeks on the trend line for BNB for bnb to bounce.
This might be the case with BTC as well. Hence I will be patient and watch the weekly wicks.

Please don't forget to give me a tick\like, as I would appreciate it.

Regards,
S.Sari
(for my reference > macro.charts)

Comment:

Update on chart and channel idea