FieryTrading

ðŸ”Ĩ BNB Bull Flag Pattern About To Be Completed

āđ€āļžāļīāđˆāļĄāļ‚āļķāđ‰āļ™
BINANCE:BNBUSDT   Binance Coin / TetherUS
BNB has seen some incredible gains over the last couple of weeks, especially since it's a top10 coin. On the H1 chart, BNB has produced a beautiful bull flag pattern for us to trade. Bull flags are generally bullish continuation patterns, so that is exactly the direction where we will trade.

Before entering this trade, wait for the price to close above the top resistance of the flag. Higher time frames yield more predictive power.

On the chart I’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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