Head&Shoulders , Bullish Setup , uptrend above 518$ ?
Hello Traders,
- Looking on BNB from 1D time frame we can see that an inverse head&shoulders was validated broken as buyers pushed the price above the neckline ( which what we needed in order to confirm the breakout from trendline )
this indicated us that buyers was accumulating the dips in order to reach a new price movement.
- From there we can see a bull setup reaching resistance key level 518$ which should be broken in order to reach a new high price that could take us to 555$
- On 4H Time frame we can a bullish momentum making new HH and HL
- Overall sellers should bring back the price below 440$ and 400 $ to get their hands on again.
Good luck , Enjoy Traders!
- Looking on BNB from 1D time frame we can see that an inverse head&shoulders was validated broken as buyers pushed the price above the neckline ( which what we needed in order to confirm the breakout from trendline )
this indicated us that buyers was accumulating the dips in order to reach a new price movement.
- From there we can see a bull setup reaching resistance key level 518$ which should be broken in order to reach a new high price that could take us to 555$
- On 4H Time frame we can a bullish momentum making new HH and HL
- Overall sellers should bring back the price below 440$ and 400 $ to get their hands on again.
Good luck , Enjoy Traders!
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