Hi everyone,
Thank you for considering reading my idea.
BNB is forming a huge bull flag or a symmetric triangle which both are bullish patterns. The target for this pattern is at 950. If we also draw a Fib Retracement from 672 high back in May 11 and 214 low in May 23, the 950 target is almost exactly at the 1.1618 level of the Fib Retracement.
We can also see on the chart that the price action has broken out of the triangle and tested the upper line of the triangle.
Like this idea and follow me for more analysis like this. TAYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
BNB is forming a huge bull flag or a symmetric triangle which both are bullish patterns. The target for this pattern is at 950. If we also draw a Fib Retracement from 672 high back in May 11 and 214 low in May 23, the 950 target is almost exactly at the 1.1618 level of the Fib Retracement.
We can also see on the chart that the price action has broken out of the triangle and tested the upper line of the triangle.
Like this idea and follow me for more analysis like this. TAYOR.
Cheers,
Juvs