Great Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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BNB has been in a continuous uptrend and even when it went on a correction since May 2021, it has been in an ascending trend creating higher lows multiple weeks consecutively riding up the Green Support Trend Line creating an ascending triangle against the Blue Resistance Bar above.
Since last week BNB found resistance from its 21MA and is still under the Red Resistance Trend Line, but...
Once BNB breaks out from the Red Resistance Trend Line and goes above its 21MA it will be begin its epic multi month Bull Run towards 1175 and further up towards 1340.
Stoch RSI: Oversold Region, now very close to crossing Bullish
BNB breaking the Green Support Trend Line could nullify this view.
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
BNB has been in a continuous uptrend and even when it went on a correction since May 2021, it has been in an ascending trend creating higher lows multiple weeks consecutively riding up the Green Support Trend Line creating an ascending triangle against the Blue Resistance Bar above.
Since last week BNB found resistance from its 21MA and is still under the Red Resistance Trend Line, but...
Once BNB breaks out from the Red Resistance Trend Line and goes above its 21MA it will be begin its epic multi month Bull Run towards 1175 and further up towards 1340.
Stoch RSI: Oversold Region, now very close to crossing Bullish
BNB breaking the Green Support Trend Line could nullify this view.
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader