BNB/USDT : Possibility for breakout and MACD is being bullish

7 May 2021

BNBUSDT
Hello everyone 😃

BNB has formed a symmetrical triangle and now it's reaching the verge of triangle.
MA50 is above movement now and it's acting as a resistance for BNB, So there will be a rejection on this triangle...
MACD has been moving on bearish side for 3 days now; MA100 has reached $580 level.
So we might see a pullback if BNB reached that zone !
$610 - $580 is acting as a stiff support zone for BNB on MACRO view and there will be a minor support zone on MICRO view on current zone ( $590 - $597 ).
Also MA100 has reached this level and MA200 is planning to test this level in next days. So it seems that bulls will manage to make a reversal point for BNB on this zone !
🔰 There is a chance for BNB to break this triangle from current level and bounce after a retest.

🔴 Have to mention that BTC has reached the resistance level and it could be bad for ALTs if BT rejects to break higher level again ! Trade with caution.
Any rejection below MA200 can makes BNB extreme bearish !

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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!
Helical_Trades