Bullish flag pattern.
RSI still looks bullish indicating we are still in an upward trend
BNB has it's quarterly burning coming up ➡ potentially cause a massive buying pressure in the nearby future
ETH gas fee's still not resolved ➡ momentum for BNB
Wait for breakout at ≈ $280
Caution: BTC volatility may cause spikes which can trigger SL
Herewith my set-up for BNB (I am already in the trade) Liquidity is taken or the weak hands shaken out. Nice RR value. Maybe we'll encounter some resistance from the supply zones along the way but I honestly don't expect it. BNB is super bullish partly because of all the projects around BNB at Binance. Let's go BNB to the moon.
We are once again testing the range high. Is the possibility here to break it and start testing the demand zone. This would mean another strong move upwards for BNB and a new high if we manage to break the demand zone as well. If the range high holds, there is a very good chance that we will revisit the trend line, which would provide the opportunity for a nice...