Tested the downtrend line from the top and going up. Good setup for a long position. The only problem - it doesn't look like that good enough position been consolidated by the buyers. Dont seat in this. Sell your greed and take your profit. Safe price indicated in green but no guaranties that it will get there.
Looks like BNB team were smoking for too long. More than 420 days of the downtrend of the one of the most perspective and advertised coin. By the book - should be an explosion. Chart confirms. In the real world - will see. Thats a specific coin with a specific owner. Think twice on the stop-loss.
This could be a classic cup pattern. Anyways we are seeing strong protection of 14000+ zone. It should lead to the grow in a midterm.
The bearish divergence played off the bullish divergence is forming. Next stop 13k?
Coin been consolidated for more than 150 days coming from the very bottom. Could be up to 6x of profit.