Hello everyone, I am back from my holiday trip. Sorry couldn't update for the last few days.
Coming back to the chart. BNB/BTC seems to be trading under the giant Ascending Triangle. If we manage to breakout above the resistance trendline we can easily go the the green highlighted area.
I have plotted the two possible scenarios.
Let's wait for the breakout.
I've said this before, I have bought a lot of BNB around .00180s and holding.
The price jumped right after the 21D MA crossed over the 50D MA.
Only one thing that worries me is the upcoming Death cross.
If it happens the plan might get invalidated.
So be careful.
I will let you know in case the plan changes.
#Peace
Coming back to the chart. BNB/BTC seems to be trading under the giant Ascending Triangle. If we manage to breakout above the resistance trendline we can easily go the the green highlighted area.
I have plotted the two possible scenarios.
Let's wait for the breakout.
I've said this before, I have bought a lot of BNB around .00180s and holding.
The price jumped right after the 21D MA crossed over the 50D MA.
Only one thing that worries me is the upcoming Death cross.
If it happens the plan might get invalidated.
So be careful.
I will let you know in case the plan changes.
#Peace
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