Hi, everyone! Today we’ll take a look at BNBUSDT!
As seen in the graph, the price is globally traded in an isosceles triangle, within which a local upward channel has formed. Inside it we can observe the formation of the cup pattern with the handle. I expect a breakout of the rising channel in order to consider the short-position. Also, we all know that there are a good big-shouldered news that all funds are being withdrawn from Bitmex, and that means moving funds to another platform, so since Binance is the most popular one, the choice is obvious. I remind you, this is not a call to action, this is my vision of today’s situation.
Thank you for your attention! If you like my analysis, put likes and follow me. If you have any questions about investing, write to me.
As seen in the graph, the price is globally traded in an isosceles triangle, within which a local upward channel has formed. Inside it we can observe the formation of the cup pattern with the handle. I expect a breakout of the rising channel in order to consider the short-position. Also, we all know that there are a good big-shouldered news that all funds are being withdrawn from Bitmex, and that means moving funds to another platform, so since Binance is the most popular one, the choice is obvious. I remind you, this is not a call to action, this is my vision of today’s situation.
Thank you for your attention! If you like my analysis, put likes and follow me. If you have any questions about investing, write to me.