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dionisiusdh

BNB/USDT Hourly Double Bottom, 300 Soon?

Binance Coin / TetherUS (BINANCE:BNBUSDT)  
dionisiusdh Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
Trend Analysis Chart Patterns Technical Indicators
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Just a beginner's view. BNB/USDT is currently forming a valid Double Bottom pattern and trying to breakout from the pattern. If it breaks out and also successfully breaks the strong 270-275 resistance, it might reach the 290-295-300 price point. It only needs a spike of volume when it breakout from the double bottom. If it fails though, chances are it is going to retest the 240 price support. Suggestions are welcomed. Thanks!
Comment:
It didn't have enough buying pressure to break the double bottom pattern, and currently is going for another minor correction.
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