BNB/USDT – Ascending Triangle Breakout Setup

7月11日

hi traders

The BNB/USDT chart is displaying a classic ascending triangle pattern, which typically signals a potential bullish breakout. This pattern has formed over the past year, characterized by a series of higher lows (shown by the rising red trendline) while repeatedly testing a strong horizontal resistance zone around $690–$730 (highlighted in green).

BNB is currently trading near the upper resistance boundary at $692.85, showing signs of bullish momentum. A successful breakout above the $730 resistance level could confirm the ascending triangle breakout and trigger a strong upside move.

Target & Potential Move:
Breakout target: ~ $950 - $1,000

Measured move: 40% from the breakout point, aligning with the height of the triangle


Summary:
Pattern: Ascending Triangle (bullish)

Breakout Confirmation Level: $730+

Potential Target: $1,000

If the breakout is confirmed with strong volume and momentum, BNB could rally sharply in the coming weeks. Traders should watch for confirmation before entering.

9月22日

交易结束：到达目标

Target reached.
Expecting some sort of correction now (sideways is likely)