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Jfcaldwell
Oct 9, 2021 5:27 PM

BNB Daily Chart 

Binance Coin / TetherUSBinance

Description

BNBUSDT is still trading within a large symmetrical triangle.

Technical Indicators:
MACD - Signaling a small pullback, and a potential bearish cross coming in the next few days to a week. However, I do not think this will have much impact.
RSI - Could have slight bullish divergence.

Patterns:
Symmetrical triangle - This is neither bullish or bearish. Look for a breakout in one direction.
Bear Flag - It is possible that BNB is currently trading in a large bear flag using the white dotted line as resistance, and the green bottom line of the symmetrical triangle as support.
Elliot Waves - Trading within the bear flag pattern, if this were to continue to play out, we could see BNB break down wards with an A-B-C correction.

I will be watching to see how this plays out.
Comments
hamzacharts
hii which indicators did u use
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