ðĨ BNB Break Out: Confirm The Trend
Two weeks ago I made an analysis on BNB and the bearish channel it was trading in. Since then, BNB has successfully, broken out of the channel and is currently on its way to retest the channel's top resistance.
It often occurs that an asset will retest the previous patter's support/resistance to confirm the trend. This might be the case for BNB as well.
So, in case of a bullish BTC, waiting for the retest of the channel's resistance might be a good aggressive entry. A more defensive strategy would be to wait for a daily close above $330
It often occurs that an asset will retest the previous patter's support/resistance to confirm the trend. This might be the case for BNB as well.
So, in case of a bullish BTC, waiting for the retest of the channel's resistance might be a good aggressive entry. A more defensive strategy would be to wait for a daily close above $330
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