For me, this is a clear Cup and Handle for BNB/BTC 1D timeframe
Target under 25000. If u buy now, profit will be around 59%, or u can wait to confirm uptrend with a breakout with profit around 51%.
Target under 25000. If u buy now, profit will be around 59%, or u can wait to confirm uptrend with a breakout with profit around 51%.
ノート
This is also can be a potential path no.1 when we will hit 382 fibb lvl. and then go up.ノート
This is also can be a potential path no. 2. when we will hit 236 fibb. lvl. and then go up.ノート
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I think that we are going up! :) U can see that RSI at 36 has been great support in the past, and now we are seeing some curve at 38 RSI. Maybe we will not touch 36 RSI, maybe is this a bottom.
U can also see that Stock RSI oversold, and now we have bullish cross so we are going up!
We also touched past supoort (red line) at 13973.
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And we are confirmed the channel! We are going up to the potential breakout! :) Estimated time to breakout around 20 days, from May 10-14.
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In this handle form, we are forming bullish Ascending Triangle.I'm expecting bounce up from RSI 42 lvl, because in past this lvl has been a very strong support for BNB.
Stoch RSI is oversold so with movement price up we will have bullish crossover.
I'm in at 15681
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I seeing double bottom as a handle of Cup and Handle pattern.
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