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.
Trade closed: target reached