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The BNB bullish run has been amazing so far, the Altcoin has made over 1,616% this year alone! And BNB is still showing signs of strength even as the bulls might be ready to push the price even higher in the coming days!
However, to catch this bullish move, you would need to understand how to take advantage of the flag pattern forming in the 4-hours timeframe. This pattern is very bullish for the BNB/USD price and we might see a breakout very soon!
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Key Levels To Watch
The level we are watching is the $428 horizontal support. This support is very important because we will only remain bullish on the BNB/USD pair if the price continues to trade above it.
A break below that $428 horizontal support could signify weakness in the BNB price and a likely sell-off.
Best Entry Level
For our bullish entry confirmation, we want to see the BNB price breakout and close above the flag pattern. This would signify that the move has been completed and we can expect to see the price surge to the $900 region.
However, we will remain neutral until BNB breaks out from the flag pattern to the upside. If it breaks down to the downside, we are not interested in taking the trade because BNB is still in an uptrend.
More Trading Ideas
Check out our Youtube video for more trading ideas you can take advantage of on Bitcoin and Ethereum.
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