BNB has falling back to its longer term trend line and also the 61.8% fib of the retracement of the more recent up move.
On the 4 hour price is right underneath the cloud but it is relatively thin therefore not likely to carry a great deal of resistance. EMAs are in rally mode and looking for a cross, as are the Tenkan and Kijun-sen. MACD and Stoch RSI are strong, and while the RSI is bullish it is a little high for this early in a rally.
The 1 hour is seeing a volume spike right now, although the price isn't rising at the same rate. If the volume/price continues to increase, buy on a dip, or wait and buy at around 191 following the next bounce.
After all this
When will it fly!??
That’s what I want to know
:))))
Pls
JohnStivers
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Rally was heavily sold into. Back below trend, looks as if this will consolidate for a bit. I have that 19950 as very heavy resistance. Will need another strong push to get through it. Excited for the next few weeks. Got in around 19300.
Trader-Elisa
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@JohnStivers, Nice entry! Hopefully this rejected spike and the previous one will weaken that resistance down. Cloud isn't terribly thick which I like.
JohnStivers
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@Trader-Elisa, Daily MACD about to touch and hopefully cross great entry for anyone!
CincyONU
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@JohnStivers, Got in at 19300 and doubled down on the last dip before it took up. I expected that it might not get through that resistance and would retrace but each support just fell through. When I noticed that every single large order that popped up on the bid side was immediately filled over and over I should exited but I gave back most of my profit before I did. Oh well. Never would have had that problem if I had just sold at resistance according to plan.
Looks like the overall trendline broke just a bit ago as well. It's fighting to push back above but I think we might see a move towards lower support levels.
Trader-Elisa
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@CincyONU, Yeah, BTC's rally has killed this for now!
When will it fly!??
That’s what I want to know
:))))
Pls