MHTProductions

BNB Breakout is expected in coming weeks

BINANCE:BNBBTC   Binance Coin / Bitcoin
BNB is in tight zone. We may expect a breakout in coming weeks.
Reasons:
1. Two Greens candle can be seen at end of triangular wedge , making higher high which is an indication for bullish movement.
2. Candles respecting the wedge upper line which is resistance. It may going to test the support and after that it is going to breakout of the wedge in a strong upward movement.
3. Engulfing Green Candle at the end of the wedge has also broken the White Trend line resistance which was tested 2 times before. Now Retrace is a normal process. It is going to test the support at 16626 and if it is rejected then a strong breakout is ON.
Be ready for every kind of situation.
I have tried to analyze it for you so that you can make your decisions accordingly.
Thanks.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out