This looks a lot like MM is trying to execute all stop losses and let everyone out before the main movement. On the whole history of BNB i didnt see any triangle without breaking it down before the movement. RSI is on position from where it was always a significant bounce back. Right now i see 2 possible scenarios. We either gonna retest this triangle from the lower border and then go down if buyer wont show up. OR we are gonna break it up with significant volume and go to 35-38-50 targets, cuz we already tested 0.5 fibo level twice. On a 3rd time we are gonna break it - seller wont be able to hold it for the 3rd time. Lets see. Good luck to everyone!
Kommentera:
Double bottom is forming + bullish divergience. Everyhting looks good so far
Kommentera:
Testing dynamic line now...