#BNB DAILY TIME FRAME UPDATE
BNB made these two bullish patterns one is descending channel and another ascending triangle pattern.
BASIC INFO
What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising...
BNB is moving in a falling wedge and also trading above strong horizontal support. A breakout of the falling wedge with a good volume would confirm a bullish move towards $337 resistance, which is the key level for BNB. If it lost momentum and breakdown the horizontal support then that is a bearish sign for BNB & it will obviously fell towards 240$.
my last Idea for today! 🙂
See you all tomorrow..
Bye for now
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Binance coin
As you see I have marked different spots both for sells and buys. it's about how much risk you gonna take.
every movement near support and resistance lines has to be checked out, suddenly bears wanna change direction but if you are a mid-term or long-term trader have not to think about it.
