(BNB) Growth potential analysis

Hello everyone !


Today the Black Cat Trader is analyzing BNB based on a weekly chart. 


What we can see :

- BNB just broke its symmetrical triangle and did the pull back we were looking for to confirm our entry.
- Based on Ichimoku system, everything is fine except that we need to wait for the lagging span confirmation (still under the prices)


What we can expect :

If BNB manages to correctly bounce on the top of the triangle, with good and ascending volumes and the lagging span confirmed, then, we can fly to 1320$ or probably much more..

- Resistance : ATH = 692$
- Median line of the pitchfork


- Support 1 : Top of the triangle / Kijun
- Support 2 : EMA21 / Tenkan / SSA
- Support 3 : Bottom of the triangle / SSB


TAKE PROFIT 1 : 1320 $ (1.618)
TAKE PROFIT 2 : 2006 $ (2.618)
TAKE PROFIT 3 : 2691 $ (3.618)



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