I think that if BNB break the bull flag drawn here (blue line) it could reach the horizontal line that I've drawn here.
I'm going to wait for breakout and volume confirmation.
One thing that I really like is that the pole of the flag is exactly pointing to the previous ATH (yellow arrow)
For me it is a good indicator it could goes there if other requirements are met.
A bit late on this one but I see a bull flag on ADA that broke out and I used the height of the previous pole of the flag.
Really important to say that ADA is overall bullish and we are waiting for a great news in february from Charles.
Here is the two reason why I think BNB is going back to ATH.
First, I need to say that it retraced exactly has I said in my previous Idea. You can see it in the link below.
1. It formed a bullish pennant and the the first possible pole of the pennant is exactly the ATH
2. The ATH is a psychological resistance and I think people will easily rebuy to that point
BNB is really strong, but somewhere, someone is going to take profits and I think that we have to retracement possibilities for the moment.
I circle both of them.
The rally has been really strong and really quick so I expect a good retracement, but BNB is still really strong in fundamentals, so I wouldn't put my hand on fire on this one.
Volume not confirmed yet
The little pull back seems to take support on the Bollinger Bands middle line and the upper flag.
RSI show that it's not overbought (good news)
The project has good fundamental
I buy spot trade this coin for the moment and see it bullish
We have here an expanding triangle. I think it's bullish because of uniswap's fundamentals and also because it is breaking out of a double bottom.
Also, the RSI show that it's not overbought.
What you think?
The triangled breaked out and have 2 possibilities.
Th second TP is risky due to the bollinger band indicator wich act as a resistance.
If it bounce on the first TP (resistance), it could turn into a double top.
The fundamental on this coin is more in the vision of the 2nd TP.
Binance blockchain seems to be used by the time Eth gas fee is more expensive.
Possible bullish pennant.
If it break th diagonal resistance and if the volume is there.
First take profit at the resistance and second one at the height of his pole.
Please comment so it help me learn.