I hope you all have been following my analysis on BNB because it is already up nearly 3x from my original call - however I said my targets are 10x! BNB looks like it is ready for another bull run: 1) it has broken out of a bull pennant that has been forming the past few days 2) the bollinger bands are getting very tight meaning we are ready for some major movement and 3) the hourly MACD just had a bullish crossover and the histogram looks like it is about to maintain positive. I think we can see 10-30% gains on this one, buy the breakout!
What do you see as targets?
On a side note, you may like this. It allows to set up trailing stop limit, trailing profit and works with Binance. Might be useful if there is not a clear target.
3commas.io/?c=Cryptorooke
Don't have to use my referral, just trying to help others.
arturhaug
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May i ask where the breakout point is in this graph? is it at the end of the triangle? :)
astronautdotgg
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@arturhaug, The breakout point is where the price "broke above" the resistance line which is the highest one. Consolidation is at the end of the triangle, as the price gets closer to the consolidation point it is more likely to break out.
arturhaug
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@bobismyname, ah i understand!Thank you for the anware mate :) So since the price has gone over the resistence level now on your chart at 0.00155000 its time to buy?
astronautdotgg
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@arturhaug, I believe so, there is a very likely chance it can explode from here, but keep in mind that nothing is gaurenteed and there is always the opportunity for it to fall.
arturhaug
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@bobismyname, Thanks mate! I recommend you to watch out for BTG btw :)