Technical Indicators:
Price approaching trend line shown. There has historically been a pretty strong reaction to the upside each time BNB has touched the trend line.
Full 9 candle count to the downside has completed on the TD Sequential. There is potential however for it to be a 9 of 13, if this is the case I think it could further support that the price is...
History looking to be repeating itself. Cup & handle is the first impulse of 5 waves. After handle is completed, extended third wave should surpass $1.
Just an idea but definitely within reason.
Indicators:
- Daily candle has closed above the 200 MA & 50 MA
- Found support again in previously strong channel at 7800
- 7800 support was the neckline of a double bottom
If the this daily candle can close as a green two, the next resistance may likely be around 9550.
A safe Long can be taken only in the event the 2nd candle closes as a green two.
