BNBUSDT | Wave Projection | Short Term Retrace - Bull Look +60%
Price action and chart pattern trading:
> A possible CUP & HANDLE pattern with a short term 2-wave retracement to the next strong support area of confluence where SMA20 X SMA200 golden crossed and volume profile point of control key level.
> Entry @ pullback retracement SMA200 zone and lower uptrend channel support zone.
> Target @ TP1 Handle 1.0 extension + 30-40% upside and TP2 Cup 1.618 ext. zone +50-60%
> Stop @ B-wave position -10-15% downside
> RSI indicator: OB + bearish signal about to cross MA line
> A possible CUP & HANDLE pattern with a short term 2-wave retracement to the next strong support area of confluence where SMA20 X SMA200 golden crossed and volume profile point of control key level.
> Entry @ pullback retracement SMA200 zone and lower uptrend channel support zone.
> Target @ TP1 Handle 1.0 extension + 30-40% upside and TP2 Cup 1.618 ext. zone +50-60%
> Stop @ B-wave position -10-15% downside
> RSI indicator: OB + bearish signal about to cross MA line