BNB ANALYSIS:
BNB is forming a strong ascending triangle and has recently broke upward. The green box has now flipped to a temporary support, and I expect a retest of this zone before a further pull UP. It is likely BNB makes a run for a double top at the daily resistance block, just above the final take profit level 3. Therefore, the next targets are listed as T1 at .00235, T2 at .002397, and lastly T3 at .00248. The 200MA saw a fake out upon the attempted break down, creating a trap. Bulls quickly ate is back up confirming a strong support at the level of .00216. With that said the zone to watch for currently is the temporary support inside green zone. This is the entry spot!
Possible Entries: .00228-.00230
BNB is forming a strong ascending triangle and has recently broke upward. The green box has now flipped to a temporary support, and I expect a retest of this zone before a further pull UP. It is likely BNB makes a run for a double top at the daily resistance block, just above the final take profit level 3. Therefore, the next targets are listed as T1 at .00235, T2 at .002397, and lastly T3 at .00248. The 200MA saw a fake out upon the attempted break down, creating a trap. Bulls quickly ate is back up confirming a strong support at the level of .00216. With that said the zone to watch for currently is the temporary support inside green zone. This is the entry spot!
Possible Entries: .00228-.00230