BNB/USD - About to BREAKOUT! 20% Rally Possible! ๐
BNB appears at the limit to break away from this downtrend. As you can see on this 3D timeframe, the MACD+RSI and the price action support the bullish case.
A clean break and re-test of the previous trendline as support would allow BNB to rally at least 20%.
Wait for the breakout and then take a position. The market has been quite bullish today, but most of the price increase was on weak volume. This is a warning sign that maybe this increase is a fakeout.
So make sure to use a proper stop loss if you take a position, otherwise, good luck!
Like and follow if you liked my idea!
A clean break and re-test of the previous trendline as support would allow BNB to rally at least 20%.
Wait for the breakout and then take a position. The market has been quite bullish today, but most of the price increase was on weak volume. This is a warning sign that maybe this increase is a fakeout.
So make sure to use a proper stop loss if you take a position, otherwise, good luck!
Like and follow if you liked my idea!
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