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Binance Coin / TetherUS PERPETUAL CONTRACT
Long

BNBUSDt- Falling Wedge

By Yuriy_Bishko
Updated

When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price may breakout above the upper trend line.

When price breaks the upper trend line the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price.


BNBUSDT - nice pattern
Trade closed: target reached
snapshot
Trade closed: target reached
snapshot
Trade closed: target reached
Update
BNB -Time for a pullback
BNBUSDTbnbusdtbearbnbusdtbuybnbusdtideabnbusdtlongBNBUSDTPERPbnbusdtsignalMultiple Time Frame AnalysisSupply and DemandSupport and Resistance
Yuriy_Bishko
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