MonoCoinSignal

Breaking its symmetrical triangle pattern

BINANCE:BNBUSDT   Binance Coin / TetherUS
BNB had a nice rally last week, breaking its symmetrical triangle pattern from above. The condition for breaking these resistances, which were considered in the range of 250-256 dollars, was that a strong bullish candle would cross these levels. Three days ago, these resistances were broken with a strong candle, and these ranges have now become strong support, which we can expect a positive reaction from these ranges if the price enters a corrective wave. BNB's short-term targets are in the $270-$280 range if the market remains in favorable conditions. The bottom line is that BNB is still bearish on the daily time frame, and the risk of a return to previous support remains. Price growth in the short term can only be bullish, and to stay bullish, the minimum resistance of the $280 range needs to be broken.

🥇Join our free Telegram channel and claim your trial ➜ t.me/monocoin_public

🥇Enjoy a 7-day free trial of our services with Cornix

👤Admin ➜ t.me/monocoin_admin
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.