Binance Coin (BNB) 10% long possible, watch this closely
BNB has been on a correction, or has it? This could be the start of a new uptrend. As BTC falls BNB gains in BTC value, making it a valuable hedge to reduce loss. Fundamentally, Binance is the number one exchange, and the more crypto grows, the more Binance will. People go to exchanges that provide liquidity & feels legit. Binance does both well.
Binance Coin is showing a strong bull flag as of right now. This can suggest another break of 8% to the upside. Keep in mind this could be a correction and BNB could resume its fall, but the RSI suggests another push is very possible.
Therefore, if this shows strong support, consider buying in.
Buy in:
19215 satoshi area
Sell at:
21652 satoshi area
Stop loss:
18532 satoshi level
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Binance Coin is showing a strong bull flag as of right now. This can suggest another break of 8% to the upside. Keep in mind this could be a correction and BNB could resume its fall, but the RSI suggests another push is very possible.
Therefore, if this shows strong support, consider buying in.
Buy in:
19215 satoshi area
Sell at:
21652 satoshi area
Stop loss:
18532 satoshi level
Thanks for viewing! Please leave your comments. I will respond to all of them.
If you wish to be in on my daytrading ideas such as this one done on smaller timeframes (1 min - 1 hour), please message me and I will share all my private charts with you.
Comment:
Might break down. Lot less support
Comment:
BTC dropped again, BNB pumped 3%
BTC dropped again, BNB pumped 3%
Trade closed: stop reached
Ideally should hold here for bullish move.