02 Nov 2021
BNB/USDT : Broke above the resistance zone, Cup & Handle formed

Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

#BNB has formed a -cup & handle- recently and now it just broke above the major resistance zone .
Based on pattern's target, The depth of the pattern has measured around 105% ( 261 unit ) which is showing the minimum target of 56% ( 285 unit ) growth !

Also based on FIB retracement and FIB extension :
#BNB has retraced to 61.8% FIB's level after peaking high at $518.9 !
- So it means that #BNB is having a logical bullish bias and it's ready for next leg up after retesting the FIB's level.
Now Based on FIB extension levels, The main target of retracement is $792, Which is greatly matched with the pattern's minimum target !
And also it can surge to $1013.3 as the last target remains there...
But $792 is a logical target to lay on, But you need to manage the risks and have the lower targets on the surges of #BNB.

🔴 Any close below the broken resistance zone ( 100% FIB's level is located there neither ! ) will invalidate the bullish bias for #BNB !!!

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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!


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