UsmanFarouk

BNBUSDT is likely for bullish reversal

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
BNBUSDT is presently in downtrend as it is printing LHs and LLs on 1D timeframe. However, bullish divergence has been observed on RSI on same timeframe and it is also noticed that the coin has been unable to break its last LL as of today. Both the conditions are indicating towards a possible bullish reversal. Therefore a long entry upon break of price above previous LH has been marked on chart with suitable TP and SL @ 1:1 RRR.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.