BNB making a classic Cup and Handle pattern on weekly time!!
Technical Analysis: #Binance (Daily update):
The ongoing weekly price in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $1146. price above the both MA's(21 and 50 MA) which shows that price is still in control of bull as well as RSI at around 60.
Dubbed as Cup and Handle , the pattern appears when the price forms an advance that appears like a U-shaped trend (Cup). That follows up with a formation of a descending channel range (Handle). A breakout above the Handle range typically leads to an upside continuation, with a bullish target at a length equal to the Cup's size.
So it appears that BNB has undergone a price trajectory that looks like the Cup and Handle pattern. Furthermore, the cryptocurrency's latest rally, accompanied by an increase in trading volumes, took its prices above the Handle range—a breakout—that raised the possibilities of bullish continuation ahead.
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The ongoing weekly price in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $1146. price above the both MA's(21 and 50 MA) which shows that price is still in control of bull as well as RSI at around 60.
Dubbed as Cup and Handle , the pattern appears when the price forms an advance that appears like a U-shaped trend (Cup). That follows up with a formation of a descending channel range (Handle). A breakout above the Handle range typically leads to an upside continuation, with a bullish target at a length equal to the Cup's size.
So it appears that BNB has undergone a price trajectory that looks like the Cup and Handle pattern. Furthermore, the cryptocurrency's latest rally, accompanied by an increase in trading volumes, took its prices above the Handle range—a breakout—that raised the possibilities of bullish continuation ahead.
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#BNBCOIN #CRYPTO #BULLISHRUN #ALTCOIN #UPTREND
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