BNBUSD Crossed the MA50 (1d) and starting a new rally. (LONG)
BNBUSD is trading inside a Channel Down pattern and today crossed above the MA50 (1d) for the first time since May 8th. A (1d) candle closing over it, confirms the expansion of a rally that started on the same level (Support 1 at 220.00) as the December-January rally.
Trading Plan:
1. Buy if a (1d) candle closes over the MA50 (1d). Targets: 1. 340.00 (Resistance 1 and same target level of Dec-Jan rally on a +53.50% rise).
Tips: 1. The MACD (1d) can provide an additional take profit signal as a clear Bear Cross was the confirmation in February that a correction was starting.
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