TradingView
financialfreedomgoals101
Jul 11, 2022 10:10 AM

BNBUSDT: Rising Wedge, Bearish Again? Will It Stop or Continue?? Short

Binance Coin / TetherUSBinance

Description

Hello Fellow Binance Coin Investor/Trader, Here's a Technical outlook of BNBUSDT!

Support our content by smashing the like and follow button, you also can share your opinion in the comment section below.

BNBUSDT has broken out of a rising wedge pattern. Furthermore, The MACD indicator created a death cross, indicating potential bearish movement ahead.

All explanations are presented on the chart.

The roadmap will be invalid after reaching the target/resistance area.

"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the cryptocurrency"

Note: Waiting for the price hits the confirmation line.

Trade active

Comment

Support the channel by giving us thumbs up and share your opinions on comment section below.
Comments
Night_Owl_Trader
Great analysis, seems a double top now as well.
financialfreedomgoals101
@Night_Owl_Trader, thank you sir!, Good luck on your analysis and trading as well :)
More