BNB out of the downtrend channel with C&H pattern
Binance coin after reaching the ATH earlier this month started moving down.It has now moved out of the downtrend channel with a big 4hr candle.It is now facing resistance @0.00155 and has support @0.00151.If this breakout manages to cross the previous ATH we can expect it to hit the C&H target @0.00286
Buy range 0.00150-0.00155
Stoploss 0.00145
Targets
0.00163
0.00173
0.00183
0.00208
0.00254
0.00286
Buy range 0.00150-0.00155
Stoploss 0.00145
Targets
0.00163
0.00173
0.00183
0.00208
0.00254
0.00286
Note
Cup & Handle pattern formedTrade active
Reached Target 1Note
Possible short pullback to these levelsstoploss 0.00163
Note
Shorting is successful..looks like the pullback is over
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.