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MBM_Crypto
Apr 14, 2021 10:53 PM

BNB Loading up for another push to the upside! Long

Binance Coin / TetherUSBinance

Description

Here's a quick look at BNB 1 hr chart. As we can see, the price has been forming a falling wedge since its insane run up to 638$! Furthermore can we see that the price has found support on the long term support/resistance line. The best entry with the lowest risk will be at the breakout from the yellow falling wedge shown in the chart. Tho if we break below the long term support/resistance line, there's then a high possibility that we end up in the support zone shown in the chart as well. Keep an eye on this!

Note: The RSI looks good for another push higher!

The idea is: Buy the breakout from the yellow falling wedge and Take profits at the levels shown in the chart.
Targets:
1. 610$
2. 638$
3. 710$

Follow me for daily profitable trading setups

BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Comments
KKKKKKKKKKKKing
stoploss hate you
ferlps13
So.. should I buy now at 540? Or should I expect to fall more?
armandogbr2
Thank you for your work!!
MBM_Crypto
@armandogbr2, you're welcome :)
kliviarocha
Thanks !! Thanks!! You always get it right!!
MBM_Crypto
@kliviarocha, You're Welcome :D
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