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AlanSantana
Apr 24, 2019 11:19 PM

Binance Coin Can Bounce Here (Two Scenarios To Look At!) 

BINANCE:BNBBTC1D
Binance Coin / BitcoinBinance

Description

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Binance Coin (BNBBTC) tends to move inverse to Bitcoin (BTCUSD).

Right now we see that Bitcoin might have peaked and at the same time we see a hammer candlestick on Binance Coin (BNBBTC), a bounce can happen here.

Here are the two main scenarios I am looking at:

  • 1) Bitcoin drops and Binance Coin (BNB) moves up, following the green arrow. A close above EMA10 would support this view.

  • 2) Bitcoin goes sideways or moves up, Binance Coin continues going lower and test 0.148 Fib. level of the chart above.


My view: I believe we will go with the first scenario, based on the analysis described here:


Enjoyed this post? Feel free to hit like.

Thanks a lot for the support.

This is Alan Masters.

Namaste.

Comment

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Latest Binance Coin (BNBBTC) update:
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisbinancebinancecoinBNBBNBBTCBNBUSDTalanmastersbittrexBitcoin (Cryptocurrency)BTCUSD
Comments
cryptochangex
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Great stuff as usual. I do believe that BNB listen only to CZ. One tweet about launchpad or anything positive and we see only up. Any move down will last only a moment. BNB is hot cake and everybody want it.
AlanSantana
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@cryptochangex, Yes, I've come to realize that. BNB is always hot for the buyers and traders in this market.
devilninja777
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UPDATE??
AlanSantana
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@devilninja777, You got it, working on it.
AlanSantana
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@devilninja777, HEre:
devilninja777
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@alanmasters, YES!! LET'S PUMP IT!!!!!!
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