BINANCE-COIN, Massive Ascending-Triangle!!Hello,
Welcome to this analysis about Binance-Coin and the weekly timeframe perspective. The cryptocurrency market these days is shifting constantly and the divergence between certain cryptocurrencies is increasing more and more. This is why there are crypto coins that show high bullish potentials while others form more bearish setups. In this case, I detected a main bullish potential coin with Binance Coin and therefore I am explicating the main structural developments, upcoming potentials and how the whole formation finally completes. As when looking at my chart we can watch there how Binance Coin is building this huge massive paramount ascending-triangle-formation and already severely bounced within the 35-EMA in red and the 15-EMA in green within this formation. Besides that Binance Coin has a coherent wave-count within the formation reaching from A to C which has already almost been completed. Now with the finalization of the wave-C Binance Coin is testing the lower boundary of the formation and the EMA structure within there. When Binance Coins manage to bounce appropriately and bounce in the lower boundary to breakout above the upper boundary this will complete the whole formation and upper target determinations will be activated with BNBUSD setting up to a continuation. In this case, we need to watch out how BNBUSD bounces above the 660 USD level to complete the formation as it is shown in my chart, when this happens in a profound manner we can expect and prepare on the further continuations to follow up, it will be an interesting journey ahead.
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"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
