BNB is looking to form an Ascending Triangle, be careful here as we could see a possible whipsaw towards targets as indicated on this chart.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
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CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Kommentera
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The Ascending Triangle has nearly reached its goal. In the process has also made a bear flag pattern. This will take BNB to a lower low.
At this point when target 1 is complete, I can see a possible move up towards VWAP then a move towards old support of 18 bucks. Once target 2 is complete, again a move upward then a move towards bear flag target of 14 bucks.