✅BNB: trendline breakout after accumulation.
Hi friends! The BNB is trying to breakout the trend line. After the 6% growth in a few bars, the price needs to gain strength and make a small consolidation under the trend line.
The targets:
1. $330-335 - first value area, local highs.
2. $354-361 - value area, big liquidity gap under it, so the price can easilly pump here.
Preconditions for the growth:
+ volume growth at the bottom means a lot of big players buy BNB to earn on price growth.
+ the price rise above big vaue area $296-305 which become the support for the BNB.
+ Bitcoin show the strength and starts pumping what help alts also to grow.
+ trendline squeeze.
Who will become "fuel" for this growth?
Short traders, who opened trader in this consolidation expecting the dump.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
The targets:
1. $330-335 - first value area, local highs.
2. $354-361 - value area, big liquidity gap under it, so the price can easilly pump here.
Preconditions for the growth:
+ volume growth at the bottom means a lot of big players buy BNB to earn on price growth.
+ the price rise above big vaue area $296-305 which become the support for the BNB.
+ Bitcoin show the strength and starts pumping what help alts also to grow.
+ trendline squeeze.
Who will become "fuel" for this growth?
Short traders, who opened trader in this consolidation expecting the dump.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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