BNBBTC - Cup & Handle + Ascending Triangle - 1D Chart
BNBBTC is forming a very bullish formation on daily timeframe -
Continuation of Cup & Handle with a perfect retrace to .618 fibonacci and also a semi ascending triangle.
Why semi? Basically a strong ascending triangle is one the has touched the ascending trendline twice. However BNBBTC has shown strength in the past days and therefore hasn't touched the ascending trendline support again.
Also, it has broken through the 50EMA (Green line) and now it has become support, and the .618 Fibonnaci has shown strong support as well.
MACD is about to cross bullish, and StochiRSI has just passed the 0.5 line in a perfect angle.
In my humble opinion, BNBBTC will break All Time High within the next week.
There's a 15%ish scenario in which we we head to the ascending trendline again, however I believe the support & current volume are way too strongi.
Continuation of Cup & Handle with a perfect retrace to .618 fibonacci and also a semi ascending triangle.
Why semi? Basically a strong ascending triangle is one the has touched the ascending trendline twice. However BNBBTC has shown strength in the past days and therefore hasn't touched the ascending trendline support again.
Also, it has broken through the 50EMA (Green line) and now it has become support, and the .618 Fibonnaci has shown strong support as well.
MACD is about to cross bullish, and StochiRSI has just passed the 0.5 line in a perfect angle.
In my humble opinion, BNBBTC will break All Time High within the next week.
There's a 15%ish scenario in which we we head to the ascending trendline again, however I believe the support & current volume are way too strongi.