AlexeyWolf

Trading opportunity. What to buy?

Long
AlexeyWolf Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
In the crypto market, the largest assets are currently experiencing similar situations.

On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers was collected, but then returned to the sideways trend. The prices of five assets, excluding BNB, are in zones where it makes sense to consider buying. The most interesting potential is with DOGE and AVAX.

One possible strategy to consider is buying four assets that you like the most.
Comment:
TON is the only asset out of 6 that has grown by approximately 20%. Prices of the other assets are not moving upward, while the price of TON is at the upper part of the sideways pattern, which is the contextual place of the seller. Will prices for other assets rise? Or will the price of the TON go down? 😊
Comment:
TON has reached its target (7.2755), with a new analysis available at the link. Waiting for further developments on other assets.

Comment:
BTC, ETH, BNB prices are close to target prices.

TON reached its target in 9 days. BTC and ETH took 17 days from the publication of the idea to get close to target prices. The question is: how much more time will they need to reach their targets? And will they reach their targets? If you are not waiting for these assets to reach new highs ($73,800 for BTC $4,100 for ETH, $646 for BNB), you can close positions now, as most of the way has been covered.
On May 15, the price of BNB dipped into the blue rectangle on the chart, where it was possible to look for buying opportunities, for example using the profit from the TON trade.

AVAX and DOGE prices are still not rising. Will they rise soon? Should we close positions or wait? 😊

Good luck with your trading!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.