BNB building a double top with huge potential
Zaktualizowano
Hey guys, BNB/USDT formed a double top with 2 touches at 17.2 & 17.4. On the 4H we might be under the EMAs 12 & 26, but on the Daily we're clearly above.
Should we break this area to the upside, there is not much resistance until the All Time Highs at the $24 area, this is more than 30% away right now. => I talked about this in today's video of my Crypto Chart Analysis
In general, one can say that BNB will stay strong because if this is what we get at a BTC downtrend, imagine what's going to happen when BTC & other alts start breaking to All Time Highs again, where will BNB be then?
But beware: We had already broken the $14 Dollar range in a long developing ascending triangle ...and we didn't get much follow through back then. I had personally played that break, and was unhappy, as I had hoped for a much higher break (which obviously depends on grandpa BTC & crypto in general)
So conclusion: A break here could have a huge break, at least to the previous ATHs, but don't forget to look at grandpa. No coffee without him! ;)
Should we break this area to the upside, there is not much resistance until the All Time Highs at the $24 area, this is more than 30% away right now. => I talked about this in today's video of my Crypto Chart Analysis
In general, one can say that BNB will stay strong because if this is what we get at a BTC downtrend, imagine what's going to happen when BTC & other alts start breaking to All Time Highs again, where will BNB be then?
But beware: We had already broken the $14 Dollar range in a long developing ascending triangle ...and we didn't get much follow through back then. I had personally played that break, and was unhappy, as I had hoped for a much higher break (which obviously depends on grandpa BTC & crypto in general)
So conclusion: A break here could have a huge break, at least to the previous ATHs, but don't forget to look at grandpa. No coffee without him! ;)
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