Bintai has been enormously rallied since Aug 2020, breaking key resistance at 0.57 to Fibonacci target at 1.618. Prices usually react on Fibonacci levels by making either a continuation or reversal chart pattern. In this scenario, Bintai is making a continuation pattern - an Ascending Triangle, which adding our optimism on the bullishness. A significant close above 0.94 is a confirmation of further upward movement, which could push the price to the next Fibonacci target level 2.618 at 1.46. On the flipside, a close below 0.5 will push the price lower.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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