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dionisiusdh

BNB/USDT Forming a Bullish Flag? 240 or 340?

Binance Coin / TetherUS (BINANCE:BNBUSDT)  
dionisiusdh Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
Trend Analysis Chart Patterns Technical Indicators
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Just a beginner's view. BNB/USDT is possibly trying to form a bullish flag. If the breakout happens, 340 is only a matter of time. Otherwise, if it fails and hit the top channel, it might goes to the middle channel line (240) or even the bottom (200). Suggestions are welcomed. Thanks!
Comment:
The breakout is happening and currently BNB/USDT is in its pullback phase. The price might drop into 275-270 before it continues to 300 and 340. On the other hand, if the price goes back into the parallel channel, this will indicate a false breakout.
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