BNB/Tether
Long
Updated

Chart Pattern Analysis of BNB.

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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.

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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
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If K5 could stand upon 250 area, or close upon the downtrend line,
A short term uptrend will likely start here.


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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
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K3 just break up the downtrend line.
The volume and price is compatible.
So, I bought more.

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In week time chart.
It seems to be a bullish head-shoulder pattern.
And it is accelerating.
So, I increased my long positions.
Note
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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.
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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.
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It seems that BNB is breaking up the uptrend triangle pattern,
So, I bought it here.

Disclaimer