BNB Loading up for another push to the upside!

14 Apr 2021

Here's a quick look at BNB 1 hr chart. As we can see, the price has been forming a falling wedge since its insane run up to 638$! Furthermore can we see that the price has found support on the long term support/resistance line. The best entry with the lowest risk will be at the breakout from the yellow falling wedge shown in the chart. Tho if we break below the long term support/resistance line, there's then a high possibility that we end up in the support zone shown in the chart as well. Keep an eye on this!

Note: The RSI looks good for another push higher!

The idea is: Buy the breakout from the yellow falling wedge and Take profits at the levels shown in the chart.
Targets:
1. 610$
2. 638$
3. 710$

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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!