Head&Shoulders , Bullish Setup , uptrend above 518$ ?
Hello Traders,
- Looking on BNB from 1D time frame we can see that an inverse head&shoulders was validated broken as buyers pushed the price above the neckline ( which what we needed in order to confirm the breakout from trendline )
this indicated us that buyers was accumulating the dips in order to reach a new price movement.
- From there we can see a bull setup reaching resistance key level 518$ which should be broken in order to reach a new high price that could take us to 555$
- On 4H Time frame we can a bullish momentum making new HH and HL
- Overall sellers should bring back the price below 440$ and 400 $ to get their hands on again.
Good luck , Enjoy Traders!
- Looking on BNB from 1D time frame we can see that an inverse head&shoulders was validated broken as buyers pushed the price above the neckline ( which what we needed in order to confirm the breakout from trendline )
this indicated us that buyers was accumulating the dips in order to reach a new price movement.
- From there we can see a bull setup reaching resistance key level 518$ which should be broken in order to reach a new high price that could take us to 555$
- On 4H Time frame we can a bullish momentum making new HH and HL
- Overall sellers should bring back the price below 440$ and 400 $ to get their hands on again.
Good luck , Enjoy Traders!
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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.