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Binance Coin / TetherUS
Long

BNB Bullish Pennant - Target: $880

By AliferCrypto
Bullish pennant on BNBUSDT

Not Financial Advice

  • Fib retracements are drawn between the ATH and the 2022 low. Some levels are still very well respected. (The pennant's low, matches exactly 0.618 fib)
  • We are very close to the pennant's convergence, so a breakout should be imminent.
  • Watch for a breakout of the resistance trendline (solid orange), as the target for a breakout would be a new ATH at around $880.
  • Expect some resistance in the $690 area, as that was the previous ATH.
ATHbinanceBNBBullish PatternsFibonacciPennantTrend Lines
AliferCrypto
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