Binance Coin can move much higher - Here is why.
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Entry – Current Price Action
Stop – $430
Target - $1500
Leverage – 5 x
Risk to Reward – 25 to 1
About The Trade (Bullish Set up)
Time Frame?
Daily Time Frame Analyis, Binance coin is flipping levels into support and ready to move high!
Where is support?
$448-455 is the support level current being flipped, longs have been opened!
Where is resistance/ Target?
$1500 USD 0.618 FIB
Candle Stick Patterns?
Daily SFP reversal pin incoming.
Trend Pattern?
There was a bearish descending triangle formed on BNB, but bulls took control and rejected it!
Price Action?
The current actions shows binance coin is taking the necessary action of a stepping stone to move high.
Thanks for Following! Let me know Your Thoughts in the comments
#Bitcoin
#ETH
#CryptoCurrency
Entry – Current Price Action
Stop – $430
Target - $1500
Leverage – 5 x
Risk to Reward – 25 to 1
About The Trade (Bullish Set up)
Time Frame?
Daily Time Frame Analyis, Binance coin is flipping levels into support and ready to move high!
Where is support?
$448-455 is the support level current being flipped, longs have been opened!
Where is resistance/ Target?
$1500 USD 0.618 FIB
Candle Stick Patterns?
Daily SFP reversal pin incoming.
Trend Pattern?
There was a bearish descending triangle formed on BNB, but bulls took control and rejected it!
Price Action?
The current actions shows binance coin is taking the necessary action of a stepping stone to move high.
Thanks for Following! Let me know Your Thoughts in the comments
#Bitcoin
#ETH
#CryptoCurrency
Comment:
+ 27% on 5 x leverage so far! BNB looking strong
Trade closed: stop reached
420Fam