BNB - Falling Wedge Pattern. Trying To Push New Highs.
The Price is forming The Falling Wedge Pattern which is considered a bullish pattern and it forms when price is sloping downwards.
In this scenario this pattern is considered as continuation pattern. The price already broke above the resistance level of the pattern and this is indicating further upward movement. Buy orders should be set above 0.0019 and stop-loss should be set below strong support level of 0.00108 and the pattern at the 0.00104. Noteworthy is that the price formed double bottoms pattern which is supporting that the price is going to ascend higher. In the bigger picture you can note that it's not forming the falling wedge pattern but also a flag pattern which should be take in the consideration when picking up the targets. I have set Partial Profit target where partial amount should be sold and left fort the main profit targets and for the longer term target.
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
In this scenario this pattern is considered as continuation pattern. The price already broke above the resistance level of the pattern and this is indicating further upward movement. Buy orders should be set above 0.0019 and stop-loss should be set below strong support level of 0.00108 and the pattern at the 0.00104. Noteworthy is that the price formed double bottoms pattern which is supporting that the price is going to ascend higher. In the bigger picture you can note that it's not forming the falling wedge pattern but also a flag pattern which should be take in the consideration when picking up the targets. I have set Partial Profit target where partial amount should be sold and left fort the main profit targets and for the longer term target.
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
Trade active:
Partial Profit Target hit and about to hit 1st Main Profit Target. Patience pays.
Trade closed: target reached:
All targets reached. Congratulations to all who took this trade ^^
