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cryptotraderog

BinanceCoin (BNBBTC) Breakout LONG!

Long
Binance Coin / Bitcoin (BINANCE:BNBBTC)  
cryptotraderog Updated   
BINANCE:BNBBTC   Binance Coin / Bitcoin
Trend Analysis Chart Patterns Technical Indicators binancecoin BNBBTC binancebtc bnbbtclong BNBUSDT bnbusd cryptocurrencies altcoins BSC
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trendanalysis chartpattern indicator binancecoin bnbbtc binancebtc bnbbtclong bnbusdt bnbusd cryptocurrencies altcoins bsc
Im taking a long on BNBBTC due to a breakout of trendline resistance and a bullish divergence on the RSI. Stop loss at swing low and targeting 1:1 RRR as 1st target.

As always, I’m not a financial advisor, do your own research, and stay safe!
Comment:
Bnbbtc retesting resistance trendline as support. Needs to hold and bounce here for bullish breakout to be confirmed. If price breaks back within the channel, then most likely this was a fakeout and I will consider closing my long at a slight loss. If price is able to bounce next, the next key level to break is the high of the initial breakout, which is 0.009780.
Trade closed: stop reached:
Unfortunately stop loss hit.

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