And now we are at the completion of the formation and the tight squeeze.
It is rather comforting that BNB has remained relatively stable during the btc price over the past day, and remains very strong and constant.
Hovering right along the ichi cloud and well above the 100 and 200 ema's.
A strong break and hold above 14,600 will signal continuation. Wait for it before entry.
Aggressive traders can place their bids now with a tight SL at around 14,150 or so.
Tentative first target is 19,800.
Alternate theory #2 (though I think more unlikely), is that this is a bullish descending triangle with the bottom range right at the 100ema, which would provide a nice potential buying opportunity for a bounce.
Pay attention either way.
I know ya'll know what this is, right?