InvestingScope

New 0.618 Fibonacci rejection. Triangle about to break.

BINANCE:BNBUSD   Binance Coin
The 1D Triangle has extended to another 0.618 Fibonacci rejection at 10.6630 and BNBUSD remains mostly neutral on the short term (1D ADX = 24.067, CCI = -34.4623, Highs/Lows = 0.0000). The 1W Channel Down is still bearish though (MACD = -0.192, Highs/Lows = -1.0307, B/BP = -2.7842) and a cross below 9.05 is expected which will break the Triangle and allow our TP = 7.5154 to be accomplished.

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