FieryTrading

πŸ”₯ BNB New Bearish Triangle

Short
BINANCE:BNBUSDT   Binance Coin / TetherUS
My recent BNB triangle was a productive trade. This trade is essentially a copy of that trade. For reference:


The price failed to breach the triangle, therefore the short term out-look is again bearish for BNB. Also, Bitcoin is seemingly reversing again towards the bearish side. Both these occurrences have a bearish influence on BNB.

On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.

Happy trading!
Trade closed: stop reached: Update on this chart:

The triangle I drew earlier didn't hold, BNB hit the stop-loss so therefore this specific trade is done. Although I'm still relatively bearish on BNB, if BTC turns bullish in the coming days, expect BNB to follow as well, potentially moving back to ATH.

I'm currently looking at this chart. The bearish triangle is still there:
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Comments

Have a similar view on this, Thanks.
+1 Reply
FieryTrading KlejdiCuni
@KlejdiCuni, great to hear!
Reply
trade7461 FieryTrading
@FieryTrading, hi good day and thank you for your signal, in your opinion it will be decrease again. if yes to which price , say again in this new chart
thanks
Reply
FieryTrading trade7461
@trade7461, Hey bro. This trade is over since the SL got hit. At the moment I'm waiting for new trading opportunities to arise.
Reply
and what now hahah? sorry this tim u lose
Reply
Update this pls, bcs bnb break the 3angel
Reply
lol
Reply
Nice
Reply
Nice view, keep it up
Reply
rekt
Reply
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