📊BNB: will the bearish wedge become bullish?

Hi friends! Binance Coin looks strong. Now it`s consolidate in rising wedge which is clasical bearish pattern. But in crypto it`s little bit different. In this idea i explain preconditions and targets for next BNB movements.

All the crypto follow BTC and it`s looking stronger then monthes before. Also SnP 500 start to grow that help the crypto market also to stabilize after the fall.

I think in a few days price will make some false breakout of it`s highs and fall down to support area of $213-227 or little bit lower to collect the liquidity. And here is the main thing! A lot of traders starts to open a short on a rising wedge breakout. As i mention before the rising wedge are not only bearish pattern in crypto and it`s depend on situation.

Now the price of this alts fall for 80-85% and take a short here a little bit dangerous and it can make only professionals with clear local targets.

Big part of the retail short traders become the fuel for growth because the price won`t go lower but return to the wedge again and will rise to our targets.

Check this idea to understand how to trade the wedges in crypto!
🎯BTC: Real Life wedge trading! Tutorial for traders!


The targets are the closest value areas:
🔥 $255-260
🔥 $269-273
🔥 $295-308

🚩Always pay attention to volume. Only this indicator will help to identify the reversal points!

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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