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PolarHusk
Jul 24, 2020 5:24 PM

BNB/BTC (Bullish Weekly Signal?) 

Binance Coin / BitcoinBinance

Description

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
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