Binance Coin / TetherUSDiupdate BNBUSDT is creating a pennant
BNBUSDT is forming a pennant pattern, a technical formation that is similar to a symmetrical triangle and signals a continuation of the current trend. In this case, the pennant is forming below the supply zone at the $320 area, indicating that the price could be subject to further selling pressure.
Additionally, the price has had two false breakouts, which occur when the price appears to break out of a pattern or level, but then quickly reverses and returns to the pattern or level. False breakouts can be misleading and cause traders to enter into positions prematurely.
The price has also undergone a period of consolidation, which is a period of relative stability in price where the market is indecisive about the direction of the trend. This consolidation is a key level to watch, as a clear breakout with increased volume could signal the direction of the next trend for BNBUSDT.
According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
Additionally, the price has had two false breakouts, which occur when the price appears to break out of a pattern or level, but then quickly reverses and returns to the pattern or level. False breakouts can be misleading and cause traders to enter into positions prematurely.
The price has also undergone a period of consolidation, which is a period of relative stability in price where the market is indecisive about the direction of the trend. This consolidation is a key level to watch, as a clear breakout with increased volume could signal the direction of the next trend for BNBUSDT.
According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Catatan
Everything as ExpectedCPS and MTB for a clear 7%!
Catatan
Bang!Catatan
8% so far Catatan
a Clear breakout from pennant 8% so far, more if the price is going to create a new breakout
Catatan
Waiting for the new breakout
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