BNBUSD - BULLISH FORMATION - GREAT LONG OPPORTUNITY - 14-3-2021

BNBUSD

Price still trading inside the ascending channel.

Currently forming an symmetrical triangle and at the decision breakout time. Breaking the symmetrical triangle can bring the price to the next level.

Reasons to be bullish:
1) RSI 4 hours and daily TF above 55
2) Higher chances of MACD flip green in 4 hours TF and daily TF
3) Forming a bullish falling wedge as well as symmetrical triangle
4) Price gained support at 0.618 fib level around USD 255
5) Forming a bullish engulfing candle on 4 hours TF (have to wait for the current 4 hours candle to close)
6) Gained perfect support the symmetrical triangle support trend line

Current price: USD 275

Next level of resistance: USD 292, USD 315