FieryTrading

🔥 BNB/BTC Strong Reversal After Deep Dive

Long
BINANCE:BNBBTC   Binance Coin / Bitcoin
BNB/BTC is on its way back. After losing for several months, BNB/BTC is showing itself again to the world of crypto. The USDT pair has been showing us strong bullish behaviour over the past few months, so its only natural that the BTC pair will make up for lost ground whilst Bitcoin is consolidating.

The USDT pair seems far from showing signs of reversal, therefore the BTC pair has much more room to grow.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows. Do your own due diligence.

Happy trading!

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