Could the future of BNB be like this ...? Is the next ATH break 850 ...?
Trading patterns can be seen as random data along a path of least resistance. Such random data though beautiful can often be seen as having a pattern in a way quantifiable. Take, for example, the Fibonacci sequence. It has no real power in which direction the market is trending, but often you will see key levels at golden ratios. It's not necessarily a pattern...
ETHUSD Bullish is looking similar to the last leg up. Will we see continuation as we have previously? ETHLONGS on BITFINEX are soaring, ETHSHORTS are dwindling. We also have declining volume again with sustainable Highs and Higher Lows. The flag looks legitimate coupled with the volume. This seems Bullish to me, but again I am eyeballing a Bullish Butterfly...
What will it be? "Bulls take the stairs up, Bears take the Window down". Two ideas that I think are in play, especially with much rejection coming from the Daily SMA 50. Firstly, SMA 50 and 100 are soon to meet, and possibly one tough hombre to cross. That, coupled with a minor Round Top could spell a setup price down to POC @ $120 ($115 on other Exchanges), or...