Today’s chart update will be on BNB/BTC which has broken bullish from its falling wedge formation that we have been looking at since September (chart is in the link below). We’ve had a bullish divergence confirmation with this break, now will BNB reach its technical target?
Points to consider,
- Trend broke major resistance
- Local support is...
I'll take a small long here. 1H and possibly 4h can draw a bullish divergence. We're above fib supports and bullish block. Seemed like a bullish breaker, too. TP1: 3885, TP2: 3940 SL: right below bullish orderblock
Good luck :)
We could not break bearish block. Therefore I am waiting a pullback to 115. Aligns with my fib support. It'll be a good long opp. Of course we have to monitor BTC closely. Opportunity to long from 100-105 is golden imho.