Binance Coin (BNB) "W" Pattern | Bullish Chart

12 Jul 2020

Let's start by noticing the "W" Pattern we recently described with ZENBTC (see below):

We also have a double bottom and prices already starting to increase.

We have very strong/bullish indicators, I am referring to the RSI and MACD.

A break above MA200/EMA200 (black/brown lines) is also visible as we close this week.

Binance Coin vs Bitcoin (BNBBTC) is looking really good... We will see more, we wait patiently until our next target hits.

Here we mapped an easy 32% of potential profits.
This is a solid project.

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Namaste.

15 Jul 2020

Nota

The bullish bias remains valid as long as prices stay above EMA50.