FieryTrading

BNB/BTC Bullish Movement After Double Bottom

Long
BINANCE:BNBBTC   Binance Coin / Bitcoin
BNB/BTC has seen some tough time lately, sending the pair downward. Now with Bitcoin's uncertainty rising, BTC pairs are gaining back some ground after losing it for several months.

Whether this upward movement of BTC pairs is for a longer period remains to be seen. For the moment I'd advise to ride the wave and enjoy the ride.

The next two important resistances of this pair are marked with R1 and R2, both based at recent highs. R1 being the most conservative. Happy trading!

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