The Bitget Token (BGBUSDT) has been trading within a Channel Up pattern since March 2022. For the past 3 months it has entered a consolidation in the upper level of the Channel Up around the 1D MA50 (blue trend-line). A similar 3 month accumulation phased took place below the middle of the Channel Up just before the February rally. As long as the price stays above...
BGB 2H support is now at ~$0.182
Enter 50% at the current price
and try to set some BUY orders near the support zone
If BGB stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
Hello members, welcome to BGB/USD update by CRYPTOSANDERS.
In the current scenario, BGB/USD is trading inside the triangle pattern.
Here we are expecting that it will come down near the yellow zone which will be the zone where we can take a position on the spot and hold it for the long term.
BGB (bitget token) is an upgraded platform token of bitget exchange....
The Bitget token (BGBUSDT) broke today above the last Lower Highs trend-line left as Resistance since the pull-back from the February 10 High. By doing so, it also broke above the 1H MA50 (blue trend-line) which has been unbroken also since Feb 10. This is technically a double bullish break-out formation and now which should turn our focus on the Fibonacci...
