BNB/USDT. Ascending Triangle. Long.
Estimated Entry range: $15.133-15.057
Invalidation level: $14.438
Estimated Take Profit Range: $16.04-16.64
BNB formed Ascending Triangle on the 4H chart as ETH in our new prediction.
Volume keep increasing on High TimeFrame and distribution takes place.
The majority of alts against USDT have the same pattern (Ascending Triangle).
Feels like the market is ready to make a big move after one more leg up and again the crowd will be tricked.
4H should provide strong rejection together with 1D Hidden Bearish Divergence.
Don't increase risk on this trade.
Invalidation level: $14.438
Estimated Take Profit Range: $16.04-16.64
BNB formed Ascending Triangle on the 4H chart as ETH in our new prediction.
Volume keep increasing on High TimeFrame and distribution takes place.
The majority of alts against USDT have the same pattern (Ascending Triangle).
Feels like the market is ready to make a big move after one more leg up and again the crowd will be tricked.
4H should provide strong rejection together with 1D Hidden Bearish Divergence.
Don't increase risk on this trade.
Trade closed manually:
Closed manually in Free Channel.