$BNB


BNB has landed on the MOON as expected. Can it go to the MARS??

In my previous BNB analysis, I gave you three short term targets (check 1st screenshot) & the first target was smashed yesterday. BNB has pumped 13% from my last post & 18% from my yellow box. If you've bought it, you should've booked some profits at TP1. Now make this trade risk free & ride the waves.

According to 1W tf, it’s now in the process of making a right shoulder. Currently, it has broken 1W 100MA (check 2nd screenshot) & I'm waiting for a weekly candle closing above it. Weekly closing above 1W 100MA & a successful retest of it will send it to 1W 50MA which is currently in my red box. You should be extremely cautious in that box. I'm expecting the right shoulder to be formed either in the red or in the green box.

On 1D tf, it has just broken the ascending triangle (check 3rd screenshot) as well as made a candle closing & currently is in the process of retesting. A successful retest will send it higher. The final target of it is $831 which is also inside my red box. Hence, I've drawn an orange path which is a possible upcoming scenario for BNB.

Liquidation Heatmap (check 4th screenshot) is showing that there's lots of liquidities in the $690 zone which should be eaten out by the MM's. That's also the retest area of the ascending triangle. From that zone, I'm expecting a bullish continuation for BNB as well as it’s ecosystem.

#Binance #bnb