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FieryTrading
Jan 27, 2021 8:00 AM

πŸ”₯ BNB/BTC Bullish Triangle Break OutΒ Long

Binance Coin / BitcoinBinance

Description

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BNB/BTC has formed a nice bullish triangle in the last two weeks. Currently, it appears it just broke out of said triangle, indicating a new move upwards.

I've marked two areas of resistance on the chart, R1 and R2, both placed around recent swing highs. These resistances function as near term targets. Do your own due diligence.

Happy trading!
Comments
Investroy
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All the way up! love it
FieryTrading
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@Investroyllc, πŸ”₯πŸ’–
TheSignalyst
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good catch Fiery!
FieryTrading
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@TheSignalyst, AppreciatedπŸ”₯πŸ”₯
ProjectSyndicate
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BNB been lagging the market a lot recently, so maybe it's finally time for a decent pump.
FieryTrading
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@ProjectSyndicate agreed, thanks for the input
InkyGrip
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Very detailed analysis! +++! 🦐
FieryTrading
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@plancton0618, Thanks plancton πŸ‘ŒπŸ‘Œ
FieryTrading
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