BNB broke up from this ascending triangle in blue. Lovely.
Right now we're in the process to make our previous resistance at $600 support. Once we're comfortable with that, price should aim for the next target at $750.
The indicators also support this move with daily MACD and RSI curving up and soon MACD will do a bullish cross that will signal another pump is due.
Volume on these last two day was decent, so this move has legs and should take us higher. BNB looking very strong and has managed to keep most of it's price gains despite a +20% correction in BTC.
Bias remains very bullish on BNB and I would not be surprised to see it go to $1,000 or $1,500 in the nearby future which is very likely considering BNB barely has to double to reach those levels (something BNB can do easily considering its momentum).
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Would you be kind enough to share your thoughts on why such a bullish pattern, then breakout and retest of the resistance now turned "support" still ended up becoming bearish? Is there a certain fundamental concept to always be aware of?
UztTrading
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Great analysis. Let's Hope BTC Whales don't mess with the market & analysis.