Binance Coin / TetherUS
ืœื•ื ื’

๐Ÿ”ฅ BNB Bullish Triangle Break-Out

6โ€ฏ747
BNB has seen a long period of consolidation after the immense run-up a few weeks ago. It seems that the $200 definitely was the bottom of that semi-bearish period. Over the last week or so BNB has shown small signs of recovery and produced a bullish triangle whilst doing exactly that.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart Iโ€™ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!

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