BNB: Breaking Out of the Descending Triangle

115
– Entry Opportunity for Late Long Positions

BNB confirms a successful trend reversal with a 13% gain after breaking out of a macro descending triangle and holding firm above the MA100 line. The formation of a textbook higher-high and higher-low structure indicates that active buying power is being sustained very well. This offers an optimal opportunity for investors who missed the first wave to establish new buy positions during technical pullbacks to target higher levels.

this is not investment advice, DYOR

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.