There is a potential bullish head-shoulder pattern of BNB.
If the following candles break up 255usd or 1/1 Gann Fan line,
The pattern will possibly in effect.
From K0 to K4, it is a potential bullish arc bottom pattern.
K3 to K4 is a potential cup handle area.
So, I bought at 241.
Note
If K5 could stand upon 250 area, or close upon the downtrend line,
A short term uptrend will likely start here.
From K2 to K6, it is a potential box trading range.
The possibility of breaking up the box is increasing.
If the following candles could stay upon the upper price area,
Or, retest 245 area under decreased low volume,
I will still try to buy in.
Note
K3 just break up the downtrend line.
The volume and price is compatible.
So, I bought more.
In week time chart.
It seems to be a bullish head-shoulder pattern.
And it is accelerating.
So, I increased my long positions.
Note
The bullish hammer candle K1 verified the potential support line.
K1 and K2 are a potential head of another uptrend.
If K3 break up the highest price of K2,
another bull run will likely start here immediately.
I will try to buy in if K3 break up K2.
Note
From K1 to K3, it were a group of bullish hammer candles.
It verified the potential support of K0.
It seems that the bull force had fully controlled the market here,
The price correction process had ended,
Another bull run will likely stat here.
Note
It seems that BNB is breaking up the uptrend triangle pattern,
So, I bought it here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.