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thedailychartist

BNBUSDT ready to continue bull trend?

Long
Binance Coin / TetherUS (BINANCE:BNBUSDT)  
thedailychartist Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
Chart Patterns binancecoin binancecoinusd binancecoinusdt bnbusd binance breakoutsetup bullishcontinuation
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chartpattern binancecoin binancecoinusd binancecoinusdt bnbusd binance breakoutsetup bullishcontinuation
Looking like this may have bottomed. Waiting for a breakout of consolidation to go long with 536.00 as target. That is a huge move so really watching this one.

Not trading advice. DYOR.
Trade active
Comment:
If we confirm this breakout by a daily close above 295, we look to 330 next.
snapshot
Comment:
Yes, still holding this one despite recent developments.
1. 295 is a significant level and it will not break easily.
2. The premise of the breakout is intact.
3. Note how the price reacts to the moving averages.
Enough said for now.

snapshot
Trade closed manually:
Taking a small profit and reducing exposure/risk.
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