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AlwinGoutham

BNB out of the downtrend channel with C&H pattern

Long
Binance Coin / Bitcoin (BINANCE:BNBBTC)  
AlwinGoutham Updated   
BINANCE:BNBBTC   Binance Coin / Bitcoin
Trend Analysis Technical Indicators Wave Analysis
2
0
trendanalysis indicator waveanalysis
Binance coin after reaching the ATH earlier this month started moving down.It has now moved out of the downtrend channel with a big 4hr candle.It is now facing resistance @0.00155 and has support @0.00151.If this breakout manages to cross the previous ATH we can expect it to hit the C&H target @0.00286

Buy range 0.00150-0.00155
Stoploss 0.00145

Targets
0.00163
0.00173
0.00183
0.00208
0.00254
0.00286
Comment:
Cup & Handle pattern formed
snapshot
Trade active:
Reached Target 1
Comment:
Possible short pullback to these levels
stoploss 0.00163
snapshot
Comment:
Shorting is successful..looks like the pullback is over
snapshot
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