CosmicInvestors

BNB on a huge bullish flag

Long
CosmicInvestors Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
BNB is creating a huge bullish flag as seen on the hourly. This could see huge upside overall would make a test on alltime high and the trend is looking super bullish.
Comment:
The pattern is currently on a descending wedge this could indicate that once the sell off is completely done there will be a breakout on which i will open the trade from 253 to 340 and set a tight stop loss under the support of the .50 on the Fibonacci level
Comment:
Forgot to mention there is a big cup that has formed and it has been followed up with a falling wedge
Comment:
Breakout has been finally achieved confirming the initial idea was a winner. Now just need more time to reach profit levels. feel free to take profits at 297 but for long 340 is main goal.
Comment:
Taking 25% of the profits and letting the trade ride
Comment:
BNB Double top with high market volatility try to close trades with profit and hold liquid to buy the dips

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.