BNB/BTC
-This coin has been in a downtrend since 2019
-A series of Lower Highs and Lower Lows
-But this time around, we can see a Bullish weekly RSI
-There is a clear downward channel which is Bullish also
-Currently, the price is testing the upper trendline
-Holding above the 20MA which is a good sign
-To confirm this reversal pattern, a breakout needs to happen
-Entering the breakout/retest is the safest option
-The upside potential is up to 0.00262 range
-Stoploss can be set under 20MA
-This coin has been in a downtrend since 2019
-A series of Lower Highs and Lower Lows
-But this time around, we can see a Bullish weekly RSI
-There is a clear downward channel which is Bullish also
-Currently, the price is testing the upper trendline
-Holding above the 20MA which is a good sign
-To confirm this reversal pattern, a breakout needs to happen
-Entering the breakout/retest is the safest option
-The upside potential is up to 0.00262 range
-Stoploss can be set under 20MA
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.