Today the Black Cat Trader is analyzing BNB based on a weekly chart.
What we can see :
- BNB just broke its symmetrical triangle and did the pull back we were looking for to confirm our entry. - Based on Ichimoku system, everything is fine except that we need to wait for the lagging span confirmation (still under the prices)
What we can expect :
If BNB manages to correctly bounce on the top of the triangle, with good and ascending volumes and the lagging span confirmed, then, we can fly to 1320$ or probably much more..
- Resistance : ATH = 692$ - Median line of the pitchfork
- Support 1 : Top of the triangle / Kijun - Support 2 : EMA21 / Tenkan / SSA - Support 3 : Bottom of the triangle / SSB
TAKE PROFIT 1 : 1320 $ (1.618) TAKE PROFIT 2 : 2006 $ (2.618) TAKE PROFIT 3 : 2691 $ (3.618)
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