BinaryX (BNX) — Forming A Promising Triangle Pattern
Having returned from vacation, I will also provide more trade setups in the free newsletter. Today, we start with BinaryX (BNX).
Since July, BNX has formed a triangle pattern in the daily chart. At the time of writing, the token attempts to break out of this pattern to the upside.
Once this happens and is confirmed on the daily chart, BNX will offer a solid entry. Based on the triangle, the profit target sits at $2.5. However, $1.83 and $2 should be used as initial targets.
