Soufian5

BNBUSDT Possible bear flag formation! Possible Short!

Short
BINANCE:BNBUSDT   Binance Coin / TetherUS
Binanace has formed a bear flag pattern as seen in the image, possible target 26.00 if 26 is broken we could seeit touch 24 before going up again.
Comment: Trade has gone through, you can book profits at current rangesat 50FIB more downward movement possible towards 24.5, even though there is support line but can be broken with current market downward pressure, as ETH & BTC are seeming to have a correction
Trade closed: target reached: Target 24.5 reached book profits and wait for price discovery for next update! Happy Trading everyone!!

Comments

great analysis! check my analysis
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