BNBUSD
Price has broken from the falling wedge, now is forming a big symmetrical triangle, expecting the resistance trend line to break
Reasons to be bullish
1) 4 hours MACD green
2) 4 hours RSI and daily above 50
3) Supported by the ascending channel support line
4) Forming a bullish symmetrical triangle
5) Above all MA on 4 hours TF
Next target after breakout will be USD 320-335 at the ascending channel resistance.
Current price USD 274
Price has broken from the falling wedge, now is forming a big symmetrical triangle, expecting the resistance trend line to break
Reasons to be bullish
1) 4 hours MACD green
2) 4 hours RSI and daily above 50
3) Supported by the ascending channel support line
4) Forming a bullish symmetrical triangle
5) Above all MA on 4 hours TF
Next target after breakout will be USD 320-335 at the ascending channel resistance.
Current price USD 274
Comment:
Broken out from the descending triangle, expecting to hit target soon.