Binance Coin (BNB) - Continual Bull Run
BNBBTC
POSITIONS
Bought @ 13000
BUY SIGNALS
- Support challenged & resisted validates trend
- T&K bull cross recovered
- Price-T&K bull cross recovered
INTERPRETATION
Continual bull run due to strong evidence & markers
CAUTIONS/CONFIRMATIONS:
- small red cloud following by green provides security for at least short term gain
Trade active:
POSITIONS
bought @ 13000
BUY SIGNALS
- T&K bull cross
- momentum continuation
- possible C&H bull run
CAUTIONS/COMFIRMATIONS
- Price drop below T (orange); if drops below K (pink), consider selling as trend reversal is suspected (confirm w/Price-Cloud bear entry & breakout)
INTERPRETATION
Positive growth just as predicted. However, if price drops below both T&K lines, then suspect possible bull to bear trend reversal. Bull to bear reversal can be confirmed w/Price-Cloud bear entry & breakout. As of now, things look okay. Can consider additional buy if price can rally back above the T line (orange).
bought @ 13000
BUY SIGNALS
- T&K bull cross
- momentum continuation
- possible C&H bull run
CAUTIONS/COMFIRMATIONS
- Price drop below T (orange); if drops below K (pink), consider selling as trend reversal is suspected (confirm w/Price-Cloud bear entry & breakout)
INTERPRETATION
Positive growth just as predicted. However, if price drops below both T&K lines, then suspect possible bull to bear trend reversal. Bull to bear reversal can be confirmed w/Price-Cloud bear entry & breakout. As of now, things look okay. Can consider additional buy if price can rally back above the T line (orange).
Trade active:
TARGET
27300
INTERPRETATION
If extrapolating from the last bull run, there was a 130% increase over 1 day & 15 hours which would mark the target price to be 27300 within the next 12 hours. If comparing the last bull run, please note there was a moment where price dipped below the Tenkan (orange) before rebounding up which might also occur with the current run.
NOTE: Please take extreme caution as my target evaluation may not be accurate due to my inexperience w/price & time predictions.
27300
INTERPRETATION
If extrapolating from the last bull run, there was a 130% increase over 1 day & 15 hours which would mark the target price to be 27300 within the next 12 hours. If comparing the last bull run, please note there was a moment where price dipped below the Tenkan (orange) before rebounding up which might also occur with the current run.
NOTE: Please take extreme caution as my target evaluation may not be accurate due to my inexperience w/price & time predictions.
Trade closed manually:
POSITION
Sold @ 16600
INTERPRETATION
Extrapolated target likely overshot. Current price likely the top of initial graph. Profits taken at current price due to uncertainty of future movement.
Sold @ 16600
INTERPRETATION
Extrapolated target likely overshot. Current price likely the top of initial graph. Profits taken at current price due to uncertainty of future movement.
Trade closed manually:
FINAL
Opened 100% @ 13000
Closed 100% @ 16600
Net @ +27.7%
Opened 100% @ 13000
Closed 100% @ 16600
Net @ +27.7%
- Entrance into cloud and reemergence demonstrates trend reversal resistance
- Confirmation of possible C&H formation would result in bullish continuation
INTERPRETATION
Considering beneficial use for binance users, a buy here would not be unreasonable (even if value went down). However, I would like additional buy signals to comfortably add to my position.