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dionisiusdh
Feb 22, 2021 10:09 AM

BNB/USDT Daily POV, Possible Symmetrical Triange. 400 or 140? 

Binance Coin / TetherUSBinance

Description

Just a beginner's view. Another point of view from the daily chart. It is currently forming a symmetrical triangle pattern, which is valid as of now because so far it happens with a declining volume. If the breakout happens, it might reach 400 in a medium term, but if it fails, there is a chance for it to go back to 140. I would say in 6 days, less or more we get to see the result. Suggestions are welcomed. Thanks!
Comments
FOMO_Trader
price EOY - what you think? (I know there will be a lot of variables etc etc)
dionisiusdh
@cana123cana123, speaking fundamentally with the hype of cryptocurrency, the increasing amount of user in Binance, the Binance Smart Chain which is rapidly developing by now, and BNB Burn event in every quartal, personally I think there is a chance of BNB/USDT to roughly hit $1000 or even $2000 at the EOY, assuming nothing bad happened. But all of that is based on my guts, further analysis is required and you can refer to a lot of expert trader and analyst out there.
FOMO_Trader
@dionisiusdh, thx a lot bro
dionisiusdh
@cana123cana123, no prob dude
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