AzizKhanZamani
Long

BNBUSDT Bullish Breakout Continuation

BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello Traders,

Update on BNB's recent price developments,

Points to consider
- Still respecting the 4 hr uptrend when zoomed out
- Broke key resistance (Green Zone), now turned support
- Price initially rejected at $31.80 area and retraced to the .618 Fibonacci line
- RSI respecting up trend
- Volume slightly declining

BNB needs to break current resistance (Red Zone) before retesting the stronger upper resistance which is at the $31.80 area for a continuation of the bullish break. The Fib extensions show clear targets if price were to break resistance, the first target is in confluence with the major resistance and is a key area for the overall bullish trend ...

what are your thoughts ?

and remember,

“Money is made by sitting, not trading.” - Jesse Livermore

Comments

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