BNB has been testing the support of around 390 multiple times. and forming descending triangle showing bearish signs. so to trade this pattern we have to wait for the breakout which can happen on either sides.
as we can see bank nifty may remain bullish in upcoming days as it broke out from an ascending triangle pattern did retest and again on its journey upwards.
As we can see BNB is facing the resistance around 510 to 520. And price forming higher swing lows. The next target can be 600 for time period of 2 to 3 weeks with bitcoin going upto 60000 mark it will be easy for bnb to follow 600 mark.
BTC is following the trendlines on 4HR TF and it seems it will cross 60000 mark very easily. however if trade goes other way then our stoploss can be somewhere around last swing low.
Even if the trend on hourly chart looks bearish BTC on four hrs time frame looks strongly bullish forming higher highs and higher lows. it will change the trend if it forms a lower high and a lower low. target according to the rising channel goes up to 60k with a stoploss at 46k. entering when theres a price action on lower time frame. (only for information and...
BNB USDT is forming an ascending channel on 4HR TF. means it can be traded for longs when price action forms on lower trendline and for short on higher trend line. make sure you enter the trade after confirmation on lower TF. if you are using 4HR TF for identifying trend then you must enter on 1HR TF.
BNBUSDT is in an ascending channel. And now its forming a cup and handle pattern on 1hr timeframe. if price breaks above trendline we can go long for the target of T1:443 AND T2:450. and stoploss below trendline.