BNB / BTC Breakdown of the downtrend line + 13.13%. A double bottom figure is formed at the local level. Fixing the price above the downtrend will mean a trend reversal and exit from the accumulation channel.
These movements are on the coin and the work was shown and described in advance in this trading idea in March (3): BNB / BTC Accumulation channel. Trend reversal zones Coin operation. Profit + 23% + 13%
BNB / USDT trading idea published in January: BNB / USDT Channel Up. Cycle. Wedge. Pivot zones. Profit long + 58% short + 70% long + 125%
1323
Trade closed: target reached
⋅
Long + 61% Short + 70% (the price fell below, but the last targets were in this zone). Long + 125% Short + 9% Long + 61% (the trend continues).
Comment
⋅
local work. After the break of the main downtrend line, a local uptrend developed and a diamond pattern with a base of 20% was formed. The price held above the downtrend line, which is a good sign. This formation may become the ultimate trend reversal pattern. Entry towards the breakout of this formation.
Trade closed: target reached
⋅
+ 15% (second target zone 80% of 100% of crowd targets) Also, now there is a rollback to the critical mirror support level (which was the resistance of the previous channel)
Trade closed: target reached
⋅
+ 40% Breakout of an important resistance level
Comment
⋅
+ 57% from the trend reversal zone. An important zone of resistance is broken (yellow level). The trend is developing. Possible rollback to this level. Globally, they can draw a cup. Objectives on the chart. I congratulate everyone on the big profit on such a highly liquid coin.