BNB - H&S pattern and key levels
Today whole crypto market is likely open in red. Btc failed to break it's level of 25k again. With this trend bnb is also back to its 330 to 315 range.
Now here we can see that it's standing on 200ema in daily time frame also it forms head and shoulder pattern. Which technically indicates that price may come down with trend so we have to be prepared for some negative move on short time.
If head and shoulder pattern breaks it also break it's consolidate zone of 330 to 315 we can directly see target of 300 . we will not try to enter blindly after seeing big red candle. Mostly retest is done for good pull back so be prepared for that also.
If you are a risk taker and if market follow our idea than should try to achieve Target of 200 Ema in 4hour ti.e frame.
Here I give chart pic include target and sl with suitable risk reward ratio.
https://www.tradingview.com/x/Rn91oM7f
Now here we can see that it's standing on 200ema in daily time frame also it forms head and shoulder pattern. Which technically indicates that price may come down with trend so we have to be prepared for some negative move on short time.
If head and shoulder pattern breaks it also break it's consolidate zone of 330 to 315 we can directly see target of 300 . we will not try to enter blindly after seeing big red candle. Mostly retest is done for good pull back so be prepared for that also.
If you are a risk taker and if market follow our idea than should try to achieve Target of 200 Ema in 4hour ti.e frame.
Here I give chart pic include target and sl with suitable risk reward ratio.
https://www.tradingview.com/x/Rn91oM7f
Transaction en cours
We are close to our target , we have to just be patient and watch market.Trade fermée: cible de profit atteinte
We have achieved our target of 301 by 2 days . Required more patience 😂 but finally.
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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.
Publications connexes
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.