Hello friends welcome to this analysis on BNB-USDT
Looking at the 4 hour chart, it looks like BNB is in a triangle and it has formed a cup and handle inside the triangle which in my opinion increases the chance of breaking above the triangle, The target of the cup and handle will be 14.8 usdt which is gonna hit one of the resistants above us, after that I expect a pullback to the top of the triangle and move to the target of triangle which is gonna be around 18.5 usdt. on our way we have 3 major resistants at 14.9 - 16 and 17.5 zones.
you can wait for a break above the triangle, buy with a stop loss below the top of the triangle and take profit at resistants.
good luck trading ;)
Looking at the 4 hour chart, it looks like BNB is in a triangle and it has formed a cup and handle inside the triangle which in my opinion increases the chance of breaking above the triangle, The target of the cup and handle will be 14.8 usdt which is gonna hit one of the resistants above us, after that I expect a pullback to the top of the triangle and move to the target of triangle which is gonna be around 18.5 usdt. on our way we have 3 major resistants at 14.9 - 16 and 17.5 zones.
you can wait for a break above the triangle, buy with a stop loss below the top of the triangle and take profit at resistants.
good luck trading ;)
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something like this maybe hehe <,<Note
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i don't know, why trading view doesn't save my charts sometimes :/ sorry lines are different a bit hehe. let me chart it again! but we are good so far broke up from the wedge and moving to the target we are almost there.
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alright, we are almost there to reach our first target. I expect a flag or there or a retest of the top of the wedge and moving up for next targets.
healthy chart so far :P
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I wasn't expecting it. seems like binance added a new use case to their coin on binance exchange and maybe that's why it's going up really nicely.I didn't know they wanna add this feature I just traded the chart :P
ride it and take profit at the resistants or trilling stop loss.
to be honest, I think binance is going to be huge this year anyways. can be a good long-term investment if you are holder.
The chart is telling it to me as well its too early to say but I think where it is going I'll post a hypothesis about it later.
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this last pic is just for entertainment xdI'm not a fortune teller.
we are not gonna trade based on it of but its a possibility I see, I just posted to see if it happens in 2 -3 months :P.
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looks like a gravestone candle after a sequential 9, if this 4-hour candle closes like this and the next 4 hour closes as a red candle same size as the number 9 candle. then I expect a short-term pullback to 13.9$ area.Note
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good news that was a continuation 9. up we go <.<
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last nights BTC rally and then dump today has effected altcoins a bit.I expect bnb to retest the top of the wedge and make a base there before the next move up.
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working fine.Note
rising nothing special to say at the moment.
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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.