BNBETH in a ascending triangle (and a lot of Fibs)

This is just a quick follow up idea on my "How To Trade BNB" post.

But this one is for BNBETH.

I know I used a lot of Fibs in this analysis, but they worked very well in the past for this pair.

We are in a very strong uptrend/channel right now.

Using the Fibs you can easily see an ascending triangle formation (same idea as in the main post).

The orange boxes are the Buy/Sell areas as usual.

This is just supposed to be a quick extension to "How To Trade BNB" series, showing you that the same thing is also happening for BNBETH.

If you want my exact strategy how I trade these patterns take a look at the main post below.

Kommentar:

If we don't bounce of the pitchfork I expect it to bounce of the yellow support line.