🔥 BNB Bullish Triangle Break-Out

BNB has seen a long period of consolidation after the immense run-up a few weeks ago. It seems that the $200 definitely was the bottom of that semi-bearish period. Over the last week or so BNB has shown small signs of recovery and produced a bullish triangle whilst doing exactly that.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!