YearMillion
Short

#Binance #BNB - Daily Chart and many possible price paths

BINANCE:BNBBTC   Binance Coin / Bitcoin
I've been following #BNB for a while but I haven't shared a TA about it until now.

Currently, it's undergoing a correction and this TA will try to pinpoint not only the levels where price may land but when it should do so. To mark that I use the round marker.
-The green markers are probably a good supports (buy),
-The orange ones are probable targets (sell),
-and the white ones are neutral ones that, depending on the trend can act as support or target.

Here's a close up for this initial daily chart

I've spent some time doing this TA and actually had fun picking the landing spots for the markers and then adding the probable path that made (or will make) sense relative to the markers...

Since it's a daily chart , it will take quite a while to see how this will play out. Personally, I'm expecting a correction to that lower level before any really trend swift, so guess I'm currently short regarding investment strategy for #BNB.

Keep in mind that all of this is an exercise and is not financial advice!
Comment:
Down it goes...
Comment: 4h chart update... near 1st marker as expected.
Comment:
And binance lost support at that support level... taking to lower levels
Comment: and a touchdown on a lower level.. probable bounce from here to resistance zones. It will hit probably the 1st zone, them back down... no fuel to reach 2 resistance zone.
Comment:
The drop happened faster than expected... Price may rise a little towards the nears marker...
Comment: support at 14488 tested earlier than expected. Bounced back up to expected marker... personally to me, looks like it's going to dip again soon enough

Comments

WTF kind of chart is this.
Did you just finish smoking crack?
Reply
Some friendly advise. Less is MORE, and more is LESS. You have way too much clutter on your chart no one is going to waste their time even trying to read your chart its a mess!
Reply
YearMillion jolllysworld
@jolllysworld, Thanks for your advice.

I would like to comment on that saying that if you knew the amount of information that is compiled on that chart without any "noise" (as numbers for levels and all that visual noise). I compile the info and deliver all the key point that price will or should visit. All the TA work is done, the viewers just need to know the basics of Speed Fib Fan concepts, Fib levels, and Support/Resist Levels. If they know those concepts they will understand everything I do, if they don't know the basics, then it's not my problem, they should go and learn a bit more.

And finally, Most of the ideas I publish are for my own use, for me to keep track of things I see in different markets... if others like and understand what I do, the better!
+1 Reply
Jupiterrrrr YearMillion
@YearMillion, I think the chart is very well made showing so many potential outcomes. I dont think this much information can be portrayed in a better way. Keep it up!
Reply
YearMillion Jupiterrrrr
@Jupiterrrrr, Thanks m8
+1 Reply
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