Hi guys,
In the short term, we have 3 scenarios for BNB:
1- Blue path: Bnb's price breaks the triangle pattern and moves for the last ATH after a short retracement.
2- Green path: Bnb's price can not break the triangle pattern''s resistance line and retrace to the triangle's support line and then return to break the triangle's resistance.
3- Red path: Bnb's price loses its triangle's support line and goes down to $ 185 (next important support).
I suggest you wait for the weekly candle to close and then open your trade position. If the weekly candle will close higher than resistance line, Blue Path will occur, but if below than resistance line you can choose between green and red path.Please notice that RSI index shows a divergence!! (Maybe green path is best choice)
In the short term, we have 3 scenarios for BNB:
1- Blue path: Bnb's price breaks the triangle pattern and moves for the last ATH after a short retracement.
2- Green path: Bnb's price can not break the triangle pattern''s resistance line and retrace to the triangle's support line and then return to break the triangle's resistance.
3- Red path: Bnb's price loses its triangle's support line and goes down to $ 185 (next important support).
I suggest you wait for the weekly candle to close and then open your trade position. If the weekly candle will close higher than resistance line, Blue Path will occur, but if below than resistance line you can choose between green and red path.Please notice that RSI index shows a divergence!! (Maybe green path is best choice)